Word: steels
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There isn't much good news from General Motors these days. Its once dominant U.S. market share is slipping. Steel and labor costs are mounting. Profits are evaporating. But there's an unexpected bright spot in Asia: GM's South Korean unit, GM Daewoo Auto & Technology. In 2002, GM and its partners acquired the choicest assets of bankrupt Daewoo Motor for $440 million?and it looked like they overpaid. Daewoo's market share in Korea was shrinking and its factories were running at half their capacity. Union members tried to thwart the deal by rioting around the main factory near...
...political supervision, managers are allowed to distribute more bonuses to their workers, although some excesses in the practice have been criticized recently by Peking. With fewer agencies of the national government to report to, the city government has been able to coordinate and streamline industrial operations. Chongqing Iron and Steel Plant No. 3, for instance, manufactures rolled sheet steel for the Post and Telecommunications Equipment Factory, three miles away. Under the old system, the material had to be shipped to a central government warehouse 150 miles away in the Sichuan provincial capital of Chengdu, and was then transported back...
...editors, who test them at a nearby range.) The prose is meat-and-potatoes style, heavy on facts, strategy and rip-roaring action. The September issue includes a feature about British Gurkha troops stationed in Belize, an interview with an Israeli army sniper and a story detailing which stainless-steel handguns fare best in the rust-inducing jungles of El Salvador (answer: the Randall LeMay and the Walther PPK/S...
High-tech fighting machines are by no means the only Pentagon purchases that suffer defects. The latest snafu concerns new combat helmets. Introduced in 1983 to replace the "steel pots" in use since 1941, the helmets are made of Kevlar, a man-made fiber that is lighter, yet stronger than many metals. But after buying three-quarters of a million at $85.20 apiece, the Department of Defense discovered that three manufacturers had delivered defective versions made with scrap material. Army officials say that even though the second-rate helmets offer more protection than the old steel models, "We ordered...
...South Africa resulted in a cutoff of chromium exports, it would put 1 million Americans out of work and bring Western Europe's auto industry to a standstill. South Africa supplies more than 80% of the U.S. and Europe's chromium, which is used in the manufacture of stainless steel. A spokesman later said Botha's statement was not a threat; he was only pointing out that sanctions can boomerang...