Word: toyotas
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...build their factories abroad unless, for example, they are forced by domestic-content legislation to keep production Stateside. "And once they're invested," he says, "you can't pull them back. In the (capital) investment world, once you've done it, you've done it! A guy buys a Toyota, you can get him back three years from now. But you can't bring an auto plant back home. As the months or years go on, we are deindustrializing the country...
...continued to rise on both sides of the Pacific last week. Pennsylvania Senator John Heinz was strident. Said he: "We need to retaliate against Japan. They deserve it." One step suggested by a growing number of politicians: a surcharge on Japanese imports that could raise prices of everything from Toyota cars to Toshiba calculators...
...Japanese gained even more. Since the restraints made Japanese autos scarcer, the manufacturers were able to raise the prices of their cars an average of $1,300. Japan's Big Three--Toyota, Nissan and Honda--drove away from the U.S. with trunkfuls of dollars as they con- centrated sales on , their more expensive models, where the big profits are made. One Government study showed that the import restraints cost U.S. consumers more than $1 billion annually, with about 90% of it going to Japanese manufacturers and distributors...
...billion in 1984. Sales last year reached 7.9 million cars, vs. 5.7 million in 1982. The agreements limited Japanese imports to about 20% of the U.S. market. When the imported cars became scarce, prices rose. The cost of the Nissan Maxima in the U.S. went up 30.1%, the Toyota Cressida 35.1%. The restrictions may have saved 44,000 U.S. jobs, but, says the study, they cost U.S. consumers more than $1 billion a year in increased car prices. Detroit's carmakers were disgruntled by the White House proposal. Chrysler Chairman Lee Iacocca said that abandoning controls now, in the face...
Mornings near sunrise, John Williams, a national park service ranger at the monument grounds, wheels his Toyota up out of the underpasses near the Kennedy Center. When he sees the spire, he feels better. The monument always says something a little different when it greets him. The Maryland marble of which it is constructed has a special quality that picks up the light of the hour and seems to subtly intensify it. "There it is," Williams says to himself, and then he studies the graceful shape to see what shades of gold or pink or gray are mixed...