Word: toyotas
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...auto industry woes are being felt here too. Over the last two decades, Mississippi, South Carolina and Tennessee lured automakers with relatively inexpensive land and lax labor laws. Now, Tennessee is fighting the possible closure of a GM plant in Spring Hill, and Toyota has already postponed the start of production of the Prius at a new plant in Mississippi...
...mileage of 27 m.p.g. and $5,000 if they buy a U.S. car with at least 30 m.p.g. Crucially, the new cars have to be made in the U.S. - foreign brands can qualify, but only if they're manufactured on U.S. soil, which would disqualify super-efficient vehicles like Toyota's Prius hybrid, made only in Japan. (See the history of the electric...
...positions in Japan's major corporations, fresh university graduates in black suits have become as common a sight in Tokyo as April's cherry blossoms. But this year, things are different. According to a closely watched annual survey, the companies that were once synonymous with Japan Inc. - Toyota, Sony, Sharp and Canon - have lost their luster as potential employers. For those seeking secure jobs-for-life, students are instead looking to relatively low-risk industries such as railroads and public utilities...
...survey, a poll of nearly 6,000 university seniors conducted by Recruit Co., a Tokyo-based research and human resources company, revealed that Japan's flailing, export-driven economy has had a profound impact on the outlook of those on the brink of entering the workforce. Toyota's ranking as a preferred employer plummeted from 6th place last year to 96th place this year. Sony fell from 8th to 29th place; Sharp from 14th to 55th place; Canon from 20th to 77th place. (See pictures of the global financial crisis...
...surprising that automakers and electronic companies are no longer as appealing as they once were. Toyota Motor, which has typically ranked in the survey's top 10, will likely post its second straight operating loss in its 2010 fiscal year - right when the students polled by Recruit will be entering the workplace. The company is expected to report a loss of $4.9 billion when it announces its 2009 results on May 8. Last week, Sharp Corp., too, slashed its outlook for its fiscal year ending March 31, to a net loss of $1.29 billion. (Read "Sony's Woes: Japan...