Word: plants
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Dates: during 1980-1989
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...tricky part will be to increase manufacturing output by several hundred thousand cars a year without building any more factories. Chrysler remains cautious about undertaking new construction because it still remembers the overcapacity that smothered the company during the crisis years. Instead, Chrysler has been busy renovating old plants and even taking the unusual step of subcontracting its assembly work. When Chrysler officials took notice of unused capacity at an American Motors assembly plant in Kenosha, Wis., they hired AMC to start building cars like the Chrysler Fifth Avenue there. Chrysler has embraced high-technology equipment in its operations...
...back dramatically the company's factory capacity has succeeded in lowering Ford's fixed expenses so that its North American operations now make a profit after selling just 2.1 million vehicles a year, 30% fewer than necessary in 1980. Ford has not opened a single new U.S. plant since 1980 but has refitted old ones with automated equipment. The reduced capacity means that Ford's inventory may run short during a boom, but it ensures that the company will not be awash in excess autos during a bust...
...analysts put at $11,500 an auto, compared with $9,800 at Ford and $9,300 at Chrysler. A prime reason, ironically, is GM's multibillion-dollar rush to reduce labor costs by installing robotic factories, many of which still have bugs. Example: at Detroit's Poletown luxury-car plant, the taillights on some models tended to melt in the automated paint-hardening ovens. The technology * should gradually become a financial advantage as it begins to operate more smoothly. Says Chairman Smith: "You know we are not making clothespins. We are making a car with 15,000 parts...
Recent K-School publications put the value of the school's endowment and capital plant at "well over $100 million." If the Kennedy School, which has an annual budget of about $23 million, secures $6 million in contributions as well as the matching grant, that figure will leap by $12 million...
...hearing he convened on the plant's evacuation procedure, Rep. Edward J. Markey (D-Mass.) led an attack against NRC officials in a packed Amesbury High School auditorium. Amesbury is one of six Massachusetts communities within a 10-mile radius of the idle New Hampshire power plant...