Word: toyotas
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Small, quiet American towns have become popular havens for Japanese manufacturers. This week Toyota Motor is expected to join the crowd of companies building plants in small towns. Toyota will announce plans to spend more than $500 million to construct a plant in Georgetown, Ky., a bucolic community twelve miles north of Lexington in the gently rolling hills of Scott County. When it opens in 1988, the factory will produce 200,000 midsize cars annually and employ between 2,000 and 3,000 workers...
...Toyota, Japan's leading auto producer, is the fourth Japanese carmaker to begin building some of its autos in the U.S. Honda paved the way in November 1982, when it opened a plant in Marysville, Ohio. Nissan started manufacturing cars in Smyrna, Tenn., this year, and Mazda is scheduled to open a plant in Flat Rock, Mich., in 1987. By 1989 Japanese companies are expected to be producing some 1 million cars a year in the U.S. The four American carmakers will turn out 7.9 million autos this year...
...salamander angle gained credibility the following day when another pipe bomb critically injured Hofmann as he was climbing into his parked car half a block from Salt Lake City's Temple Square. In the Toyota's blackened interior, investigators found pipes and other equipment for bomb manufacture, as well as rare books and valuable documents relating to the Mormon Church. Hofmann, it seemed, had accidentally set off a bomb of his own making. After eight hours of surgery, Hofmann, who was expected to survive, maintained from his hospital bed that he was a target, not an assailant. But police...
Three minutes after California's new automated fingerprint identification system received its first assignment, the crime-stopping computer scored a direct hit. It matched a smudged print lifted from an orange Toyota in Los Angeles to one taken from a 25-year-old drifter with a record of drug and auto-theft arrests. Two days later, Richard Ramirez was caught and charged with one of 15 murders attributed to the Night Stalker, the serial killer who had been terrorizing the city for the past seven months...
...week against the greenback, vs. 5.8% for the French franc and 3.6% for the British pound. There is no question that a lower price for the dollar would reduce U.S. imports and increase exports: if a dollar buys fewer yen, then Americans would need more dollars to buy a Toyota, while Japanese would pay fewer yen to purchase American coal. By coincidence or not, while the dollar has been gradually declining in recent months, the U.S. trade deficit has begun to narrow also. It was $13.4 billion in June and only $9.9 billion in August...