Chrysler has lowest costsChrysler Corp. is the lowest-cost...

BUSINESS DIGEST

June 24, 1994

Chrysler has lowest costs

Chrysler Corp. is the lowest-cost vehicle producer in North America, but the U.S. plants of Nissan and Toyota are still more productive than any run by Detroit automakers, according to a study issued yesterday.

Industry giant General Motors Corp. showed the most improvement, both cutting costs and increasing manufacturing efficiencies in the two years since the last "Harbour Report" was issued.

The study on the industry's manufacturing efficiencies, which automakers often cite, is by Harbour & Associates, a manufacturing consultant firm based in Troy, Mich.

Chrysler was also by far the most profitable of any North American automaker on a per-vehicle basis.

Dome Corp. names Flick CEO

Dome Corp. said it has named James A. Flick as its new president and chief executive officer, as the veteran Baltimore executive moves to the profit-making affiliate of Johns Hopkins University from a senior job at Legg Mason Inc.

Mr. Flick, longtime head of the Baltimore office of the accounting firm Ernst & Young, is also a former executive vice president of USF&G Corp. and a director of the Ryland Group Inc. He has also served as chairman of Dome's board.

Hopkins formed Dome in 1984 to develop real estate for technology-oriented companies and to commercialize university research. The company was hit hard by the real estate recession and its own missteps, and by last year had sold or dissolved most of its subsidiaries.

AT&T forms European ties

Hoping to match its rivals in forming global alliances, AT&T Corp. said yesterday that it had teamed up with the telephone companies of Switzerland, Sweden and the Netherlands to provide advanced communication services to multinational corporations.

Just a week ago, MCI Communications obtained approval from the Justice Department to form an alliance with British Telecommunications and Sprint Corp. announced a $4.2 billion deal with the French and German phone companies.

Paperboard plant extends run

Chesapeake Paperboard Co. will keep its South Baltimore recycling plant open through at least July 18 after a vote on

Wednesday by unionized employees to work during the plant's traditional shutdown period in the first two weeks of July.

The 113 members of the United Paperworkers International fTC Union, who voted more than 2-1 for the proposal, will not lose any pay or vacation time because they will be able to take vacation at other times, said Roosevelt L. Jordan, local representative for the Paperworkers.

The financially troubled company's plant, at Fort Avenue and Woodall Street, had been scheduled to close on June 30. The company has not decided whether it will stay open past July 18, said Murrell Smith Jr., chief operating officer.

@

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.