GM turns to computers to cut development costs
Article Abstract:
General Motors Corp. (GM) believes it can cut its product-development costs by using computer and digital imaging tools. The auto maker believes that it will reduce any global car or truck program by about 5% to 10% or approximately $200 million. The new technology, which will eschew the new for the construction of physical models, will speed the production of vehicles and enable the company to respond to the caprices of consumer demand. GM President G. Richard Wagoner Jr. stated that the company's new product schedule requires the introduction of a new vehicle every 28 days until the middle of the next decade.
Comment:
GM believes it can cut its product-development via new computer and digital imaging tools
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Nissan's crisis was made in the U.S.A
Article Abstract:
Nissan Motor Co. is borrowing money and creating new products in an attempt to stop the flow of red ink in its U.S. operations. While Honda and Toyota made big profits last year, Nissan lost money. Now the company needs to retrench in many ways. The cute ads that didn't sell cars and trucks are gone. Inventory grew so far out of control that at one plant an airport runway had to be leased to store the vehicles and employees were layed off on Fridays during the summer.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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