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George Taylor fought the Empire of Japan as a U.S. Marine in World War II, and he still has bitter memories. But now as mayor of Princeton, Indiana (pop. 8,100), he gladly put them aside last spring when Toyota unveiled plans to build a $700 million pickup- truck plant in his economically sagging town. "I've changed my mind a little bit," Taylor, 74, says. "The way I look at it, the Japanese are coming over here and giving American workers good jobs, while American companies are closing factories and taking work overseas for low wages." In a sign...
...measure, Toyota is well on its way to becoming a Yankee Doodle lookalike. Japan's largest industrial corporation (1995 sales: $101 billion) already has more than 19,000 U.S. employees and holds a 6.9% share of the U.S. car and truck market. That puts it in fourth, ahead of Honda (4.8%) though still well behind Chrysler (16.6%). But it's coming on. With the expansion along I-64, Toyota plans to boost U.S. output by a third, from 900,000 passenger vehicles in 1995 to 1.2 million in 1998. When it does, 75% of the cars the company sells...
...Toyota has Americanized itself at a rapid pace, which accelerated last year after a nasty trade dispute in which the Clinton Administration threatened to slap a 100% tariff on luxury cars like Toyota's Lexus. Shortly afterward, Toyota executives swooped into Indiana to pick a site for the T100 truck plant and sped up the timetable for the new West Virginia factory. Says senior vice president Jim Olson, a 16-year Ford veteran who joined Toyota in 1985: "It will now be very difficult for the Big Three to attack us as the enemy at the border. We're across...
Knight--his nickname, pronounced Shoog, is derived from "Sugar Bear"--is the son of a Compton, California, truck driver. He began building his music empire in 1989, and from the start he had an eye for raw talent. Knight is often compared to Motown founder Berry Gordy in the way in which he recruited a talented group of performers and carefully shaped their images and careers...
...Senate members eager to leave town to get an early start on campaigning have been held up by disputes over two smaller funding measures. One is a $19 billion bill to fund the Federal Aviation Administration that Democrats say would make it easier for Federal Express to stop its truck drivers from unionizing. Throw in minor disputes about funding for national parks, and Senators may have to put off their flights for another day. -->