Word: toyota
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Dates: during 1980-1989
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...unthinkable: a pair of jeans can fetch as much as $450, and those who are not lucky in the government lottery must part with $35,000 for a small family car. Meanwhile, senior clergymen are ferried around town in shiny bullet-proof Mercedes limousines, and Islamic Guards drive gleaming Toyota Landcruisers...
Minivans do not go for a miniprice. Chrysler's models start at $8,700 and run as high as $14,000. A Toyota Van Wagon equipped with an icemaker, front-and rear-seat air conditioner and twin sunroofs can cost $16,000. The average price of a new car sold in the U.S. today is close to $11,000. All the major automakers are going after this fast-growing market. Toyota will ship 40,000 of its Van Wagons to the U.S. this year, and Volkswagen expects to sell 25,000 Vanagons in America during 1984. General Motors...
Autos Missing: A red Mazda was reported taken from the Business School parking lot between 8:30 a.m and 3:30 p.m. last Friday Police said they discovered a Toyota in the lot with its engine running and ignition apparently tampered with...
Despite its progress, BL is a bit player on the world stage dominated by the likes of GM and Toyota. Even at home it has only a 19% share of the market, compared with Ford's 29%. To help cope with its giant competitors, the British firm has allied with Japan's Honda. The two companies jointly manufacture the perky Triumph Acclaim and are developing another model, code-named XX, that will be introduced...
...intricate global alliances that automakers are rushing to make. It also means that each of Detroit's Big Three now relies on a Japanese company to provide some of its small cars. Starting next year, GM plans to build some 250,000 small cars a year with Toyota in a plant in Fremont, Calif. By 1986 the company hopes to import 300,000 cars built by Suzuki and Isuzu. Predicts GM Chairman Roger Smith: "Joint ventures are going to be a way of life." Chrysler, which last week filed an antitrust suit seeking to prevent the Toyota-GM hookup...