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...some time, Honda's chiefs have been considering a U.S. plant. Unlike Toyota and Nissan, Honda has stretched its existing production capacity to the limit. Hence expansion makes sense, whether in Japan or overseas. Also, Honda sends 42.9% of its output to the U.S.; Toyota sends 44.6% and Nissan 43.9%. Honda has much to lose if the U.S., which imposes a rather modest 3% tariff on imported cars, raises higher barriers or otherwise seeks to restrain imports, as Britain, France and Italy have done over the past several years. Admits Kawashima: "I would be less than candid...

Author: /time Magazine | Title: Business: A Made-in-America Japanese Car | 1/28/1980 | See Source »

...purebred corn. The resulting hybrid was particularly hardy and produced 50% higher yields. Later the Green Revolution, for which U.S. Scientist Norman E. Borlaug won the 1970 Nobel Peace Prize, produced more bountiful strains of wheat with strong stalks to bear the weight of larger yields. U.S. wheat output likewise increased...

Author: /time Magazine | Title: Nation: The Plains of Plenty | 1/21/1980 | See Source »

These innovations created spectacular crops. Since 1940 the American wheat yield per acre has more than doubled, from 15.3 bu. to 34.2 bu., and the corn output has almost quadrupled, from 28.4 bu. to 109.2 bu. Soybeans, which grow lavishly in the same weather and soil conditions as corn, expanded spectacularly. Production increased from 555 million bu. in 1960 to 2.2 billion bu. last year. While a Soviet farmer grows 45 bu. of corn an acre, his American counterpart produces...

Author: /time Magazine | Title: Nation: The Plains of Plenty | 1/21/1980 | See Source »

...Congress over the embattled windfall profits tax and thus delay passage of Carter's energy program. In sum, the present U.S. energy policy depends largely on the voluntary conservation by the American public and a hope that the oil-producing countries will continue their current levels of output without unforeseen interruption...

Author: /time Magazine | Title: Business: Retreat on the Energy Front | 1/21/1980 | See Source »

...gasohol. Texaco, by contrast, is expanding its network of gasohol pumps, from 600 to 1,100 this spring, and is studying a joint project with CPC International, the former Corn Products Refining Company, to make ethanol. The largest manufacturer of the additive, Archer Daniels Midland, has increased annual output at its Decatur, Ill., plant from 5 million to 55 million gal. in less than two years...

Author: /time Magazine | Title: Business: Gasohol Power | 1/21/1980 | See Source »

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