Word: toyotas
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Dates: during 1970-1979
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...Toyota and Datsun, which together brought in nearly 190,000 pickups last year, lead the duty dodgers. But Detroit's Big Three also find it cheaper to manufacture their smaller pickups in Japan and import them. Last year these "captive" imports included 70,557 Ford Couriers, 67,035 Chevy Luvs for GM and more than 3,000 Dodge D50s and Plymouth Arrows for Chrysler...
...over the past two years should have helped correct the U.S.-Japanese trade imbalance. This would happen if Japanese exports became more expensive and therefore less attractive to American buyers, thus cutting the cost of U.S. exports to Japan. To some extent, this has happened. For instance, Toyota's U.S. sales fell almost 8% in the first nine months of 1978, partly because prices of new cars were lifted 13.9%. Yet, overall, sales of Japanese exports remain strong in the U.S., while sales of American products in Japan show little new strength...
...latest sign that labor leaders' clout with their membership is waning - an ominous portent for next year's heavy calendar of union bargaining. The VW strike is also unsettling other foreign firms that are thinking of starting plants in the U.S., notably Japan's automaking Toyota, Nissan (Datsun) and Honda. Says one Japanese automan: "If U.S. workers ask to get even with General Motors and Ford right away, I'm afraid no company will come here...
...with a Japanese automaker to supply spare parts for autos exported to the U.S. As a member of the group, Scott will have the opportunity this week to make new pitches. Because of the interlocking ownerships within Japanese industry, he is not optimistic. "I am going to talk to Toyota about replacement parts," he says, "but I know that Toyota owns a portion of the company that provides its ignition systems and lots of other parts...
Many key industries are now hunkering down for a long period of only modest growth. Toyota Motor Co., which expects to sell 550,000 vehicles in the U.S. this year, vs. 561,000 in 1977, recently announced a scenario for the future that includes plans for eventually reducing its present capacity by 30%. Some firms, like the Tokyo Juki Co., a medium-size machinery maker, have put a freeze on wage boosts...