Word: autos
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...Toyota's truck plan illustrates not only the company's relentless drive but also the risks that accompany it. The Tundra is part of a massive increase in Toyota's global production that will have far-reaching repercussions for the firm's future and that of the entire U.S. auto industry. The history of the car business shows that bigger isn't always better: Toyota's top two rivals, Ford and General Motors, have struggled to make money despite leading in market share. Toyota, in contrast, has reeled in cash by controlling costs and focusing on vehicle quality...
...specialize in anything. I've done special series on Africa, on auto racing, on soccer players. I've done plenty of portrait work-anything that captures what it means to be human...
...long shot, but we also knew we were in the competition." But Douglas Ross, Michigan's secretary of commerce, was more upbeat. "We win, no matter where the Saturn plant goes," he said. "If Saturn learns how to build cars competitive with the Japanese, that means the American auto industry centered in Michigan will survive and flourish...
Though far from elementary, a plausible explanation for the trend can be found in the cyclical swings of supply and demand for auto fuel. Little more than a year ago, the world was swimming in gasoline. As a result, prices at the pump began to fall, and oil companies suffered a profit squeeze. The average cost of a gallon of gas declined from $1.22 in May of 1984 to $1.15 by last January. In response, companies curbed production. At least 18 American refineries closed last year. The cutbacks have reduced U.S. inventories of gasoline by 9%, to 222 million...
This summer's surge in prices is likely to be temporary. The hefty profits being made on gasoline will probably stimulate production. In addition, imports of auto fuel from overseas refineries are on the rise. Most industry experts predict that by the end of the year, at the latest, the cost of gasoline will be moving in the same direction as the price of crude oil: down...