Word: toyota
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...More Toyota Woes...
Putting another dent in Toyota's already banged-up reputation, Consumer Reports magazine issued a rare "Don't buy" warning for the company's Lexus GX 460 SUV because of high rollover risk. Toyota responded on April 13 by ordering its dealers to immediately stop selling the model. Plans to launch the SUV in the next few weeks in China were also put on hold. While only about 5,000 of the luxury vehicles had been sold since its November debut, executives decided to err on the side of caution following the revelation that Toyota had withheld information about...
Over the course of the past decade, green culture and investments in green technology have skyrocketed in the U.S. From 2004 to 2005, sales of the hybrid Toyota Prius nearly doubled, as they did again from 2006 to 2007. Green construction, unknown just 10 years earlier, had by 2007 blossomed into a $12 billion industry. Shoppers everywhere have started toting around little reusable sacks as an eco-friendly alternative to the disposable paper and plastic bags of yore...
...slow-motion decline of Japan's economy and global influence, a phenomenon the Japanese call "Japan passing." Thirty years ago, Japan was much like the China of today, an up-and-coming global power with an economy that was the envy of the world. Japanese companies such as Sony, Toyota and Honda shoved aside their competition from the West. By the late 1980s, Americans came to see Japan's economic firepower as arguably a bigger threat to U.S. global dominance than the nuclear arsenal of the Soviet Union. Today, however, no one is scared of Japan. Growth has been anemic...
...says Valiante, is Woods' constant quest to be better. As TIME wrote in a 2000 cover story about Woods: "What is most remarkable about Woods is his restless drive for what the Japanese call kaizen, or continuous improvement. Toyota engineers will push a perfectly good assembly line until it breaks down. Then they'll find and fix the flaw and push the system again. That's kaizen. That's Tiger." These words were written after Woods' first reconstruction of his golf swing, a revamping he undertook after winning the 1997 Masters by a record 12 strokes. Despite his continued dominance...