Word: toyotas
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...accomplished by a roly-poly young playboy known to his critics as "Baskethead"? Hardly, and there are signs that Jean-Claude is not even enjoying the role of figurehead. He is not allowed to ride his Harley-Davidson and has to settle instead for joyrides in his sporty blue Toyota or flashy Lamborghini, usually escorted by a caravan of scowling secret policemen. One of the few pleasures of office was his acceptance recently of the Chinese Nationalist Order of the Propitious Clouds, Great Special Cordon grade, bestowed as part of Taiwan's diplomatic offensive to garner anti-Peking votes...
...porations do not pay cash for unused vacation days. One reason: Japanese workers apparently have a strong need to be needed. If they find that their plant or office can get along without them, they feel their place in the system is diminished. Lately, some major firms like Toyota and Sony have been shutting down their plants for as long as one week during the summer to force their employees to take the time...
Ironically, the momentary result of Nixon's announcement was to fire up foreign-car sales. Customers poured into the showrooms of Toyota, Volkswagen and other import dealers, quickly buying models that would soon become relatively more expensive. "People were still shopping at 11 o'clock at night," said suburban St. Louis Datsun Dealer Ed DeBrecht. Dealers of U.S. cars, on the other hand, were left wondering how to get rid of a huge inventory of 1,900,000 '71 model cars. With prices on the '72 models expected to be almost identical (less excise), the soon-to-be-outdated...
...reserves have made a mockery of the yen's official value of little more than a fourth of a U.S. cent. The Japanese are understandably pleased with this situation, but their trading partners are furious. An undervalued currency gives Japanese goods an exaggerated price advantage in foreign markets; Toyota and Datsun cars, Nikon cameras and Sony TVs, for example, all cost less in the U.S. than they would if the yen had a higher dollar value. Last month's international monetary crisis strengthened this Japanese advantage by triggering increases in the values of several European currencies, notably...
...home run. It is rare for a major executive to leave on a business trip without getting a rousing send-off from the entire office staff at the airport. At Matsushita Electric, Nissan Motors and other firms, the day begins with everybody assembling to sing the company song. At Toyota the day opens with five minutes of supervised calisthenics. There is a vast range of fringe benefits: discount meals at plant cafeterias, cut-rate vacations at company resorts, cheap rental in company apartment houses (roughly $10.80 a month for a two-room flat in one Nippon Kokan building in Yokohama...