Word: toyotas
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...design and process-improvement techniques that are invented and perfected here, neither can they produce the high-end, R&D-heavy, design-intensive products like capital equipment, aerospace equipment and industrial ceramics that are Nagoya specialties. Much of the region's health, identity and confidence comes from Toyota City (about an hour's drive from Nagoya), the birthplace and still the worldwide headquarters of Toyota Motor, Japan's largest and most consistently successful firm. "The company is like the region's big brother, a model to emulate, someone to look up to," says Masaaki Kanda, Aichi's governor...
...Zimbabwean Mike Maseko, the journey home is a bitter reminder of his country's decline. It's a trip Maseko makes almost every week, driving the 800 km from Johannesburg to Bulawayo in his blue Toyota minibus. Before setting out, he packs the van with groceries and televisions, furniture and children's toys, carefully concealing envelopes filled with South African rand so the corrupt border guards who inspect his vehicle won't confiscate the money. The cash and consumer goods are gifts from Zimbabwean expatriates in South Africa to their desperate families at home. Maseko, 32, makes roughly $700 from...
...bought a stake in Nissan Motor and brought in Carlos Ghosn to turn around the troubled automaker. Ghosn's now fabled success is no guarantee that all outsiders are miracle workers, of course, nor does it mean that Asian management is too stodgy and inward-looking to compete globally. Toyota Motor, perhaps Asia's best-run company, has achieved phenomenal international success with homegrown talent...
...Reliant Park, a popular convention site, is on the Metrorail route, close to Reliant Stadium (home of the Houston Texans and the Houston Livestock Show and Rodeo). So are the hotels and high-rises of Houston's downtown business district. Near the northern end of the rails lie the Toyota Center, where Yao Ming's Rockets hold court, and Minute Maid Park (known locally as the Juice Box), where Roger Clemens pitches...
Takashi Nishioka, the new chairman of Mitsubishi Motors Corp. (M.M.C.), has a difficult job ahead. While Japan is the birthplace of some of the world's most successful auto manufacturers--Honda, Nissan, Toyota--Mitsubishi is one of the most troubled. The company has been shaken over the past year by revelations of long-running campaigns in various divisions to cover up critical manufacturing defects, some of which have proved lethal. Many large investors, including DaimlerChrysler and Japanese private-equity fund Phoenix Capital, have begun selling off their stakes or announced that they plan to do so soon, leaving questions about...