Word: toyota
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Dates: during 1990-1999
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...giveaway was the yellow diplomatic license plate with the number 64: it announced that the white Toyota Hiace van, making its morning run along Karachi's Shara-e-Faisal Boulevard, was registered to the U.S. consulate. At a red light, two men jumped out of a stolen taxi, and as one stood watch, another fired at the van with an AK-47 rifle. Sixteen gunshots later, Gary C. Durell, 45, a CIA communications technician, was dead, and Jackie Van Landingham, 33, a consulate secretary, was fatally wounded. A third employee, postal clerk Marc McCloy, 31, was shot in the ankle...
...corporations in the Hanshin area around Kobe feared at first they had been grievously wounded. The quake halted production at two of Kobe Steel's plants, but one of them went back into operation last week, and the other will be shut down for only a month or so. Toyota and Mazda, expecting no deliveries of parts from the Kobe area, closed several auto plants, then reopened them because supplies arrived...
...bootstraps easily. The city is so important to Japanese commerce that authorities almost certainly will make heroic efforts to restore dockyards, highways and railways as soon as possible. The central government will furnish up to 90% of the money needed to repair the public infrastructure, and big companies like Toyota and Matushita Electric, some of whose local operations were knocked out briefly by the quake, were recovering quickly. But relatively few small businesses and homeowners were covered by earthquake insurance. The shock to many of them may be permanent...
...wife Betsy took out a 9.5% fixed-rate mortgage with a low down payment that they are using to buy an $85,000 town house. "Any interest rate in single digits still looks good," Plank says. But the cost of the mortgage is forcing him to keep his 1987 Toyota instead of trading it in for the newer model he covets...
...Michael Moore's sarcastic film Roger & Me portrayed Flint as a dying community. But since then U.S. automakers have turned themselves from the world's highest- cost producers to those with the lowest costs: only $42 in wages for each $100 in product turned out, about a third below Toyota or Mercedes-Benz. They have won back so many motorists who once bought foreign cars that the share of the U.S. market going to imported autos has fallen from 22% in 1991 to under 14% now. Profits are booming; GM turned a record $4.9 billion loss...