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( S ( PP-LOC ( IN In ) ( NP ( NP ( DT a ) ( NN hearing ) ) ( PP-LOC ( IN before ) ( NP ( DT the ) ( NNP House ) ( NNPS Ways ) ( CC and ) ( NNPS Means ) ( NNP Committee ) ) ) ) ) ( NP-SBJ ( NP ( NP ( DT the ) ( NNP General ) ( NNP Accounting ) ( NNP Office ) ) ( CC and ) ( NP ( DT the ) ( NNP Congressional ) ( NNP Budget ) ( NNP Office ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( DT both ) ( VP ( VBP are ) ( NP-PRD ( NP ( NNS arms ) ) ( PP ( IN of ) ( NP ( NNP Congress ) ) ) ) ) ) ) ) ( VP ( VBD advised ) ( NP-3 ( DT the ) ( JJ new ) ( NN S&L ) ( NN bailout ) ( NN agency ) ) ( S ( VP ( TO to ) ( VP ( VB abandon ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( JJ temporary ) ( JJ working ) ( NN capital ) ) ( PP ( IN through ) ( NP ( NP ( NN debt ) ) ( VP ( VBN issued ) ( PP-CLR ( IN from ) ( NP ( NP ( DT an ) ( NN agency ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD would ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN counted ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( JJ federal ) ( NN budget ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In a hearing before the House Ways and Means Committee the General Accounting Office and the Congressional Budget Office which both are arms of Congress advised the new S&L bailout agency to abandon plans to raise temporary working capital through debt issued from an agency that would n't be counted on the federal budget

( S ( NP-SBJ ( NP ( NNS Officials ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Resolution ) ( NNP Trust ) ( NNP Corp. ) ) ) ) ( VP ( VBP have ) ( VP ( VBN said ) ( ADVP-MNR ( RB privately ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PDT such ) ( DT a ) ( NN plan ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( ADJP ( RBS most ) ( JJ likely ) ) ( NN alternative ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NP ( JJ short-term ) ( NN cash ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN bailout ) ) ) ) ) ) ) ) ) ) ) ) )

Officials of the Resolution Trust Corp. have said privately that such a plan was the most likely alternative to raise short-term cash for the bailout

( S-1 ( ADVP ( RB Instead ) ) ( PRN ( S ( NP-SBJ ( NP ( DT the ) ( NNP GAO ) ) ( CC and ) ( NP ( DT the ) ( NNP Congressional ) ( NNP Budget ) ( NNP Office ) ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NNP RTC ) ) ( VP ( MD should ) ( VP ( VB consider ) ( S ( VP ( VBG using ) ( NP ( NP ( NNP Treasury ) ( NN debt ) ) ( SBAR ( WHNP-140 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( RBR less ) ( JJ expensive ) ) ( CC and ) ( ADJP ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( NN oversight ) ) ( PP ( IN by ) ( NP ( NNP Congress ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Instead the GAO and the Congressional Budget Office said the RTC should consider using Treasury debt which is less expensive and subject to oversight by Congress

( S ( NP-SBJ-1 ( DT The ) ( NN spending ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN exempted ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG meeting ) ( NP ( NP ( JJ deficit-reduction ) ( NNS targets ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Gramm-Rudman ) ( NN budget ) ( NN law ) ) ) ) ) ) ) ) ) ) )

The spending could be exempted from meeting deficit-reduction targets in the Gramm-Rudman budget law

( S ( NP-SBJ ( DT The ) ( NNP RTC ) ) ( VP ( VBZ has ) ( VP ( VBN projected ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB require ) ( NP ( NP ( QP ( IN between ) ( CD 50 ) ( CD billion ) ( TO to ) ( CD 100 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( JJ temporary ) ( JJ working ) ( NN capital ) ) ) ) ) ) ) ) ) ) )

The RTC has projected that it will require between 50 billion to 100 billion in temporary working capital

( S ( NP-SBJ-104 ( NP ( DT The ) ( NN borrowing ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( DT these ) ( NNS funds ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN paid ) ( ADVP-CLR ( RB off ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-105 ( NP ( NNS assets ) ) ( PP ( IN of ) ( NP ( JJ sick ) ( NNS thrifts ) ) ) ) ( VP ( VBP are ) ( VP ( VBN sold ) ) ) ) ) ) ) ) )

The borrowing to raise these funds would be paid off as assets of sick thrifts are sold

( S ( NP-SBJ ( DT The ) ( JJ new ) ( NN S&L ) ( NN law ) ) ( VP ( VBZ allows ) ( S ( NP-SBJ ( DT the ) ( NNP RTC ) ) ( VP ( TO to ) ( VP ( VB issue ) ( NP ( NP ( NNS notes ) ) ( PP ( IN for ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 85 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS assets ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ holds ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The new S&L law allows the RTC to issue notes for as much as 85 % of the value of the assets it holds

( S ( S-TPC-2 ( CC But ) ( NP-SBJ ( NP ( JJR higher ) ( NN interest ) ( NNS rates ) ) ( VP ( VBN paid ) ( PP ( IN on ) ( NP ( JJ off-budget ) ( NN debt ) ) ) ) ) ( VP ( VP ( MD could ) ( VP ( VB add ) ( NP ( NNS billions ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN bailout ) ( NNS costs ) ) ) ) ) ( CC and ) ( VP ( MD would ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( JJ congressional ) ( NN scrutiny ) ) ) ) ) ) ) ) ( NP-SBJ ( NNPS Ways ) ( CC and ) ( NNPS Means ) ( NNS members ) ) ( VP ( VBD argued ) ) )

But higher interest rates paid on off-budget debt could add billions to the bailout costs and would n't be subject to congressional scrutiny Ways and Means members argued

( SINV ( S-TPC-2 ( S-SBJ ( VP ( TO To ) ( VP ( VB allow ) ( NP ( NP ( DT this ) ( JJ massive ) ( NN level ) ) ( PP ( IN of ) ( NP ( JJ unfettered ) ( JJ federal ) ( NN borrowing ) ) ) ) ( PP ( IN without ) ( NP ( JJ prior ) ( JJ congressional ) ( NN approval ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ irresponsible ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Rep. ) ( NNP Fortney ) ( NNP Stark ) ) ( PRN ( NP ( NNP D. ) ) ( NP-LOC ( NNP Calif. ) ) ) ( SBAR ( WHNP-141 ( WP who ) ) ( S ( VP ( VBZ has ) ( VP ( VBN introduced ) ( NP ( NP ( DT a ) ( NN bill ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB limit ) ( NP ( NP ( DT the ) ( NNP RTC ) ( POS 's ) ) ( NN authority ) ( S ( VP ( TO to ) ( VP ( VB issue ) ( NP ( NN debt ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

To allow this massive level of unfettered federal borrowing without prior congressional approval would be irresponsible said Rep. Fortney Stark D. Calif. who has introduced a bill to limit the RTC 's authority to issue debt

( S ( NP-SBJ-1 ( DT The ) ( NNP RTC ) ) ( VP ( MD will ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( CC or ) ( VB merge ) ( NP ( NP ( NNS hundreds ) ) ( PP ( IN of ) ( NP ( JJ insolvent ) ( NNS thrifts ) ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ next ) ( CD three ) ( NNS years ) ) ) ) ) ) ) ) )

The RTC will have to sell or merge hundreds of insolvent thrifts over the next three years

( S ( S ( NP-SBJ ( DT The ) ( JJ new ) ( NN S&L ) ( NN bailout ) ( NN law ) ) ( VP ( VBZ allows ) ( S ( NP-SBJ-1 ( QP ( CD 50 ) ( CD billion ) ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN spent ) ( S-PRP ( VP ( TO to ) ( VP ( VB sell ) ( CC or ) ( VB merge ) ( NP ( NP ( JJ sick ) ( NNS S&Ls ) ) ( CC and ) ( NP ( PRP$ their ) ( NNS assets ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ net ) ( NN cost ) ) ) ) )

The new S&L bailout law allows 50 billion to be spent to sell or merge sick S&Ls and their assets but that is a net cost

( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( NN meantime ) ) ) ( NP-SBJ-1 ( DT the ) ( NN agency ) ) ( VP ( MD must ) ( VP ( VB raise ) ( NP ( NN cash ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB maintain ) ( NP ( NP ( NNS assets ) ) ( PP ( JJ such ) ( IN as ) ( NP ( JJ real ) ( NN estate ) ) ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-106 ( PRP they ) ) ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN sold ) ) ) ) ) ) ) ) ) ) ) )

In the meantime the agency must raise cash to maintain assets such as real estate until they can be sold

( S ( RB Then ) ( NP-SBJ-107 ( DT the ) ( JJ short-term ) ( NN debt ) ) ( VP ( VBZ is ) ( VP ( VBN paid ) ( ADVP-CLR ( RB off ) ) ( PP ( IN through ) ( NP ( NP ( DT the ) ( NNS proceeds ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG selling ) ( NP ( DT the ) ( NNS assets ) ) ) ) ) ) ) ) ) )

Then the short-term debt is paid off through the proceeds of selling the assets

( S ( NP-SBJ ( NP ( NNP David ) ( NNP Mullins ) ) ( NP ( NP ( NN assistant ) ( NN secretary ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Treasury ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ working ) ( NN capital ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ necessary ) ( S ( VP ( TO to ) ( VP ( VP ( VB reduce ) ( NP ( NP ( DT the ) ( JJ final ) ( NNS costs ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN bailout ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG allowing ) ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( TO to ) ( VP ( VB sell ) ( NP ( NP ( NNS savings ) ( CC and ) ( NNS loans ) ) ( PP ( IN without ) ( NP ( PRP$ their ) ( JJ bad ) ( NNS assets ) ) ) ) ) ) ) ) ) ) ) ( RB then ) ( VP ( VB hold ) ( NP ( DT the ) ( NNS assets ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-108 ( PRP they ) ) ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP-LOC ( IN under ) ( NP ( JJ favorable ) ( NNS conditions ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

David Mullins assistant secretary of the Treasury said that the working capital is necessary to reduce the final costs of the bailout by allowing the agency to sell savings and loans without their bad assets then hold the assets until they can be sold under favorable conditions

( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-109 ( NP ( PRP it ) ) ) ( VP ( VBZ has ) ( RB n't ) ( ADVP-TMP ( RB yet ) ) ( VP ( VBN been ) ( VP ( VBN determined ) ( SBAR-3 ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( DT the ) ( NNP RTC ) ) ( VP ( MD will ) ( VP ( VB raise ) ( NP ( DT the ) ( NN cash ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN administration ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB want ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN included ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( JJ federal ) ( NN budget ) ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-4 ( PRP it ) ) ( VP ( MD would ) ( VP ( VB distort ) ( NP ( DT the ) ( NN budget ) ( NN process ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG requiring ) ( NP ( CC either ) ( NP ( NP ( NNS exemptions ) ) ( PP ( IN from ) ( NP ( NNP Gramm-Rudman ) ) ) ) ( CC or ) ( NP ( NP ( JJ big ) ( NNS increases ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN budget ) ( NN deficit ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said it has n't yet been determined how the RTC will raise the cash but the administration does n't want it to be included on the federal budget because it would distort the budget process by requiring either exemptions from Gramm-Rudman or big increases in the budget deficit

( S ( S-TPC-1 ( CC But ) ( NP-SBJ ( DT the ) ( JJS worst ) ( NN possibility ) ) ( VP ( MD would ) ( VP ( VB be ) ( S-NOM-PRD ( VP ( VBG raising ) ( NP ( DT no ) ( JJ working ) ( NN capital ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

But the worst possibility would be raising no working capital he said

( S-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-3 ( JJ working ) ( NN capital ) ( NN financing ) ) ( VP ( VBZ is ) ( RB not ) ( VP ( VBN provided ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NNP RTC ) ) ( VP ( MD may ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VP ( VB slow ) ( PRN ( NP ( NN S&L ) ( NNS sales ) ) ) ) ( CC or ) ( VP ( VB dump ) ( NP ( VBN acquired ) ( NNS assets ) ) ( PP ( IN through ) ( NP ( NN fire ) ( NNS sales ) ) ) ) ) ) ) ) ) )

If working capital financing is not provided he said the RTC may have to slow S&L sales or dump acquired assets through fire sales

( S ( PP-TMP ( IN For ) ( NP ( NNS years ) ) ) ( NP-SBJ ( DT a ) ( JJ strict ) ( NN regimen ) ) ( VP ( VBD governed ) ( NP ( NP ( DT the ) ( NN staff ) ( NNS meetings ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NNP Nissan ) ( NNP Motor ) ( NNP Co. ) ( POS 's ) ) ( JJ technical ) ( NN center ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Tokyo ) ( POS 's ) ) ( JJ western ) ( NNS suburbs ) ) ) ) ) ) ) )

For years a strict regimen governed the staff meetings at Nissan Motor Co. 's technical center in Tokyo 's western suburbs

( S ( NP-SBJ ( NNS Employees ) ) ( VP ( VBD wore ) ( NP ( NP ( NN identification ) ( NNS badges ) ) ( VP ( VBG listing ) ( NP ( CONJP ( RB not ) ( RB only ) ) ( NP ( PRP$ their ) ( NNS names ) ) ( CONJP ( CC but ) ( RB also ) ) ( NP ( NP ( PRP$ their ) ( NNS dates ) ) ( PP ( IN of ) ( NP ( NN hire ) ) ) ) ) ) ) ) )

Employees wore identification badges listing not only their names but also their dates of hire

( S ( S ( NP-SBJ ( DT No ) ( NN one ) ) ( VP ( MD could ) ( VP ( VB voice ) ( NP ( DT an ) ( NN opinion ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ ( NP ( NN everybody ) ) ( PP ( IN with ) ( NP ( JJR more ) ( NN seniority ) ) ) ) ( VP ( VBD had ) ( VP ( VBN spoken ) ( ADVP-TMP ( RB first ) ) ) ) ) ) ) ) ) ( RB so ) ( S ( NP-SBJ ( NP ( JJR younger ) ( NNS employees ) ) ( PRN ( ADVP-TMP ( RB often ) ) ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ enthusiastic ) ( CC and ) ( JJ innovative ) ) ) ) ) ( ADVP-TMP ( RB seldom ) ) ( VP ( VBD spoke ) ( PRT ( RP up ) ) ( ADVP ( IN at ) ( DT all ) ) ) ) )

No one could voice an opinion until everybody with more seniority had spoken first so younger employees often the most enthusiastic and innovative seldom spoke up at all

( S ( CC But ) ( PP-TMP ( IN in ) ( NP ( CD 1986 ) ) ) ( NP-SBJ-215 ( NP ( DT the ) ( NNS badges ) ) ( CC and ) ( NP ( DT the ) ( S-TTL ( VP ( VBP do ) ( RB n't ) ( VP ( VB speak ) ( PP ( IN out ) ( PP ( IN of ) ( NP ( NN turn ) ) ) ) ) ) ) ( NN rule ) ) ) ( VP ( VBD were ) ( VP ( VP ( VBN abolished ) ) ( PRN ( NP ( NP ( JJ early ) ( NNS steps ) ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( JJ cultural ) ( NN revolution ) ) ( VP ( ADVP ( RB still ) ) ( VBG rolling ) ( ADVP ( RB on ) ) ( PP-CLR ( IN with ) ( NP ( NP ( PDT all ) ( DT the ) ( NN subtlety ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN freight ) ( NN train ) ) ) ) ) ) ) ) ) ) ) ) )

But in 1986 the badges and the do n't speak out of turn rule were abolished early steps in a cultural revolution still rolling on with all the subtlety of a freight train

( S ( PP-TMP ( IN In ) ( NP ( JJ recent ) ( NNS years ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ has ) ( VP ( VP ( VBN instituted ) ( NP ( JJ flex-time ) ( NN work ) ( NNS schedules ) ) ) ( CC and ) ( VP ( VBN allowed ) ( S ( NP-SBJ ( NNS employees ) ) ( VP ( TO to ) ( VP ( VB dress ) ( UCP-MNR ( ADVP ( RB casually ) ) ( PP ( ADVP ( RB even ) ) ( IN in ) ( NP ( JJ blue ) ( NNS jeans ) ) ) ) ) ) ) ) ) ) )

In recent years Nissan has instituted flex-time work schedules and allowed employees to dress casually even in blue jeans

( S ( S ( NP-SBJ-216 ( NP ( DT A ) ( NN rule ) ) ( VP ( VBG forbidding ) ( NP-1 ( NNS staffers ) ) ( S ( VP ( TO to ) ( VP ( JJ own ) ( NP ( NP ( NNS competitors ) ( POS ' ) ) ( NNS cars ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN lifted ) ) ) ) ) ( CC and ) ( S ( ADVP-TMP ( RB now ) ) ( NP-SBJ-2 ( JJ many ) ( NNS designers ) ) ( VP ( VBP drive ) ( NP ( JJ foreign ) ( NNS cars ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB get ) ( NP ( JJ useful ) ( NNS ideas ) ) ) ) ) ) ) )

A rule forbidding staffers to own competitors ' cars has been lifted and now many designers drive foreign cars to get useful ideas

( S ( NP-SBJ-217 ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( JJ decades-old ) ( JJ corporate ) ( NN song ) ) ( VP ( VBN filled ) ( PP ( IN with ) ( NP ( NP ( NNS references ) ) ( PP ( TO to ) ( NP ( NNP Mount ) ( NNP Fuji ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN scrapped ) ( PP ( IN in ) ( NP ( NP ( NN favor ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ snappy ) ( NN tune ) ) ( VP ( VBN sung ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( JJ popular ) ( JJ Japanese ) ( NN vocalist ) ) ) ) ) ) ) ) ) ) ) )

Nissan 's decades-old corporate song filled with references to Mount Fuji has been scrapped in favor of a snappy tune sung by a popular Japanese vocalist

( S ( CC And ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ Japanese ) ( JJ corporate ) ( JJ first ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD opened ) ( NP ( NP ( DT the ) ( JJ first ) ( NN coed ) ( NN company ) ( NN dormitory ) ) ( PP ( IN for ) ( NP ( JJ single ) ( NNS employees ) ) ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( JJ suburban ) ( NNP Tokyo ) ( JJ technical ) ( NN center ) ) ) ) )

And in a Japanese corporate first Nissan recently opened the first coed company dormitory for single employees at the suburban Tokyo technical center

( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBD had ) ( NP ( NP ( NNS lots ) ) ( PP ( IN of ) ( NP ( JJ internal ) ( NN debate ) ) ) ( PP ( IN about ) ( NP ( DT this ) ( NN one ) ) ) ) ) ) ( VP ( VBZ concedes ) ) ( NP-SBJ ( NP ( NNP Tadahiko ) ( NNP Fukuyama ) ) ( NP ( DT a ) ( JJ senior ) ( NNS public-relations ) ( NN official ) ) ) )

We had lots of internal debate about this one concedes Tadahiko Fukuyama a senior public-relations official

( S ( CC But ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN end ) ) ) ( NP-SBJ-1 ( JJ top ) ( NN management ) ) ( VP ( VBD decided ) ( S ( VP ( TO to ) ( VP ( VB follow ) ( NP ( NP ( DT the ) ( NN voice ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJR younger ) ( NN generation ) ) ) ) ) ) ) ) )

But in the end top management decided to follow the voice of the younger generation

( S ( NP-SBJ ( DT This ) ( JJ corporate ) ( FW glasnost ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ big ) ( NN reason ) ) ( SBAR ( S ( NP-SBJ ( NNP Nissan ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NNS years ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG making ) ( NP ( NP ( JJ lackluster ) ( NNS cars ) ) ( CC and ) ( NP ( JJ lousy ) ( NNS profits ) ) ) ) ) ) ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN loosened ) ( PRT ( RP up ) ) ( NP ( PRP$ its ) ( JJ rigid ) ( NNS ways ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB now ) ) ( VBZ is ) ( VP ( VBG riding ) ( NP ( NP ( DT a ) ( NN string ) ) ( PP ( IN of ) ( NP ( NNS hits ) ) ) ( VP ( VBG ranging ) ( PP-CLR ( PP ( IN from ) ( NP ( NP ( DT the ) ( JJ sleek ) ( NNP Maxima ) ( NN sedan ) ) ( CC and ) ( NP ( JJ Porsche-like ) ( NNP 300ZX ) ) ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( ADJP ( RB whimsically ) ( JJ nostalgic ) ) ( NNP Pao ) ) ( NP ( NP ( DT a ) ( NN minicar ) ) ( VP ( VBN sold ) ( PP-LOC ( ADVP ( RB only ) ) ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

This corporate glasnost is a big reason Nissan after years of making lackluster cars and lousy profits has loosened up its rigid ways and now is riding a string of hits ranging from the sleek Maxima sedan and Porsche-like 300ZX to the whimsically nostalgic Pao a minicar sold only in Japan

( S ( S ( NP-SBJ ( NP ( DT The ) ( NN company ) ( POS 's ) ) ( NN turnaround ) ) ( VP ( VBZ is ) ( ADVP-PRD ( RB far ) ( PP ( IN from ) ( ADJP ( JJ complete ) ) ) ) ) ) ( S ( NP-SBJ ( JJ many ) ( JJ crucial ) ( NNS tests ) ) ( VP ( VBP are ) ( VP ( ADVP ( RB just ) ) ( VBG beginning ) ) ) ) )

The company 's turnaround is far from complete many crucial tests are just beginning

( S ( CC But ) ( NP-SBJ ( PRP$ its ) ( JJ surprising ) ( NN progress ) ) ( ADVP-TMP ( RB so ) ( RB far ) ) ( VP ( VBZ holds ) ( NP ( NP ( JJ important ) ( NNS lessons ) ) ( PP ( IN for ) ( NP ( NP ( NNS companies ) ) ( PP ( IN in ) ( NP ( NN trouble ) ) ) ) ) ) ) )

But its surprising progress so far holds important lessons for companies in trouble

( FRAG ( NP ( DT The ) ( JJ big ) ( NN one ) ) ( S ( NP-SBJ-1 ( NP ( DT A ) ( NN company ) ( POS 's ) ) ( NN culture ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB be ) ( VP ( ADVP-MNR ( RB radically ) ) ( VBN changed ) ( SBAR-ADV ( IN unless ) ( S ( NP-SBJ ( JJ top ) ( NN management ) ) ( VP ( VP ( ADVP-TMP ( RB first ) ) ( VBZ admits ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS things ) ) ( VP ( VBP have ) ( VP ( VBN gone ) ( ADJP-PRD ( RB badly ) ( RB awry ) ) ) ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( ADVP-MNR ( RB publicly ) ) ( VBZ leads ) ( NP ( DT the ) ( NN charge ) ) ) ) ) ) ) ) ) ) )

The big one A company 's culture ca n't be radically changed unless top management first admits that things have gone badly awry and then publicly leads the charge

( S ( NP-SBJ-2 ( NP ( NNP Atsushi ) ( NNP Muramatsu ) ) ( NP ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NN executive ) ( NN vice ) ( NN president ) ) ( PP ( IN for ) ( NP ( NN finance ) ) ) ) ) ( VP ( VBD helped ) ( S ( VP ( VB set ) ( NP ( DT the ) ( NN tone ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP December ) ( CD 1986 ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD was ) ( VP ( VBG heading ) ( PP-DIR ( IN toward ) ( NP ( NP ( DT the ) ( JJ first ) ( NN operating ) ( NN loss ) ) ( PP ( IN by ) ( NP ( DT a ) ( JJ Japanese ) ( NN auto ) ( NN maker ) ) ) ( PP-TMP ( IN since ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ postwar ) ( NN recovery ) ) ) ) ) ) ) ) ) ) )

Atsushi Muramatsu Nissan 's executive vice president for finance helped set the tone in December 1986 when the company was heading toward the first operating loss by a Japanese auto maker since the nation 's postwar recovery

( S ( S-TPC-1 ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN time ) ) ( PP ( IN of ) ( NP ( NN self-criticism ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB discover ) ( SBAR ( WHNP-242 ( WP what ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( JJ wrong ) ( PP ( IN with ) ( NP ( PRP us ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

This is a time of self-criticism to discover what is wrong with us he said

( S ( NP-SBJ ( NP ( NNP Yutaka ) ( NNP Kume ) ) ( SBAR ( WHNP-243 ( WP who ) ) ( S ( VP ( VBD took ) ( NP ( DT the ) ( NN helm ) ) ( PP-CLR ( IN as ) ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NN president ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ( CD 1985 ) ) ) ) ) ) ) ( VP ( VBD added ) ( ADVP-MNR ( RB simply ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP am ) ( ADJP-PRD ( RB deeply ) ( JJ disappointed ) ) ) ) ) )

Yutaka Kume who took the helm as Nissan 's president in June 1985 added simply I am deeply disappointed

( NP ( DT No ) ( NN wonder ) )

No wonder

( S ( NP-SBJ-1 ( NP ( NNP Nissan ) ) ( NP ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJ second-largest ) ( NN auto ) ( NN maker ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJ fourth-largest ) ) ) ) ( VP ( VBD was ) ( VP ( VBG getting ) ( VP ( NN beat ) ( PRT ( RP up ) ) ( PP ( CONJP ( RB not ) ( RB only ) ) ( PP ( IN by ) ( NP-LGS ( NP ( PRP$ its ) ( JJR bigger ) ( NN rival ) ) ( NP ( NNP Toyota ) ( NNP Motor ) ( NNP Corp. ) ) ) ) ( CONJP ( CC but ) ( RB also ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Honda ) ( NNP Motor ) ( NNP Co. ) ) ( NP ( NP ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ successful ) ) ( JJ Japanese ) ( NN car ) ( NN company ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( CC but ) ( NP ( NP ( DT a ) ( JJ relative ) ( NN pipsqueak ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) ) )

Nissan Japan 's second-largest auto maker and the world 's fourth-largest was getting beat up not only by its bigger rival Toyota Motor Corp. but also by Honda Motor Co. the most successful Japanese car company in the U.S. but a relative pipsqueak in Japan

( S ( NP-SBJ ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NN market ) ( NN share ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG dropping ) ( NP-ADV ( NP ( NN year ) ) ( PP ( IN by ) ( NP ( NN year ) ) ) ) ( PP-TMP ( IN since ) ( NP ( NP ( DT the ) ( NN beginning ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN decade ) ) ) ) ) ) ) ) )

Nissan 's market share in Japan had been dropping year by year since the beginning of the decade

( S ( NP-SBJ ( PRP$ Its ) ( NNP U.S. ) ( NNS sales ) ) ( VP ( VBD sagged ) ( PP-PRP ( ADVP ( RB partly ) ) ( IN because ) ( IN of ) ( NP ( NP ( NN price ) ( NNS increases ) ) ( ADJP ( JJ due ) ( PP ( TO to ) ( NP ( DT the ) ( VBG rising ) ( NNS yen ) ) ) ) ) ) ) )

Its U.S. sales sagged partly because of price increases due to the rising yen

( S ( ADVP ( RBS Worst ) ( PP ( IN of ) ( NP ( DT all ) ) ) ) ( NP-SBJ-218 ( NNP Nissan ) ) ( VP ( VBD was ) ( VP ( VBN preoccupied ) ( PP-CLR ( IN with ) ( NP ( NP ( NN management ) ( NN infighting ) ) ( NP ( NN cronyism ) ) ( CC and ) ( NP ( JJ corporate ) ( NN rigidity ) ) ) ) ) ) )

Worst of all Nissan was preoccupied with management infighting cronyism and corporate rigidity

( S ( VP ( VB Consider ) ( NP ( NP ( DT the ) ( NN experience ) ) ( PP ( IN of ) ( NP ( NP ( NNP Satoko ) ( NNP Kitada ) ) ( NP ( NP ( DT a ) ( JJ 30-year-old ) ( NN designer ) ) ( PP ( IN of ) ( NP ( NN vehicle ) ( NNS interiors ) ) ) ( SBAR ( WHNP-244 ( WP who ) ) ( S ( VP ( VBD joined ) ( NP ( NNP Nissan ) ) ( PP-TMP ( IN in ) ( NP ( CD 1982 ) ) ) ) ) ) ) ) ) ) ) )

Consider the experience of Satoko Kitada a 30-year-old designer of vehicle interiors who joined Nissan in 1982

( S ( PP-TMP ( IN At ) ( NP ( DT that ) ( NN time ) ) ) ( NP-SBJ-219 ( NNS tasks ) ) ( VP ( VBD were ) ( VP ( VBN assigned ) ( PP-MNR ( ADVP ( RB strictly ) ) ( IN on ) ( NP ( NP ( DT the ) ( NN basis ) ) ( PP ( IN of ) ( NP ( NN seniority ) ) ) ) ) ) ) )

At that time tasks were assigned strictly on the basis of seniority

( S ( S-TPC-2 ( NP-SBJ-1 ( DT The ) ( JJS oldest ) ( NN designer ) ) ( VP ( VBD got ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NN dashboard ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP she ) ) ( VP ( VBZ recalls ) ) )

The oldest designer got to work on the dashboard she recalls

( S ( NP-SBJ ( NP ( DT The ) ( JJ next ) ( NN level ) ) ( ADVP-LOC ( RB down ) ) ) ( VP ( VBD did ) ( NP ( NNS doors ) ) ) )

The next level down did doors

( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( DT a ) ( JJ new ) ( NN person ) ) ( VP ( VBD got ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( IN on ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN speedometer ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( WDT that ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( JJ big ) ( NN deal ) ) ) )

If a new person got to work on part of the speedometer that was a big deal

( S ( NP-SBJ ( DT This ) ( NN system ) ) ( VP ( VBD produced ) ( NP ( NP ( JJ boring ) ( JJ boxy ) ( NNS cars ) ) ( SBAR ( WHNP-245 ( IN that ) ) ( S ( NP-SBJ ( NNS consumers ) ) ( ADVP ( RB just ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBG buying ) ) ) ) ) ) ) )

This system produced boring boxy cars that consumers just were n't buying

( S ( S-ADV ( VP ( ADVP-MNR ( RB Desperately ) ) ( VBG hoping ) ( S ( VP ( TO to ) ( VP ( VB spark ) ( NP ( NNS sales ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Nissan ) ) ( VP ( VBD transferred ) ( NP ( CD 5,000 ) ( JJ middle ) ( NNS managers ) ( CC and ) ( NN plant ) ( NNS workers ) ) ( PP-CLR ( TO to ) ( NP ( NNS dealerships ) ) ) ) )

Desperately hoping to spark sales Nissan transferred 5,000 middle managers and plant workers to dealerships

( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NNP President ) ( NNP Kume ) ) ( VP ( VBD ordered ) ( S ( NP-SBJ-1 ( NP ( NN everyone ) ) ( PP ( PP ( IN from ) ( NP ( JJ top ) ( NNS executives ) ) ) ( PP ( TO to ) ( NP ( NN rookie ) ( NNS designers ) ) ) ) ) ( VP ( TO to ) ( VP ( VB go ) ( NP ( NN town ) ( NN watching ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB visit ) ( NP ( NP ( JJ chic ) ( NNS parts ) ) ( PP ( IN of ) ( NP ( NNP Tokyo ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VB gain ) ( NP ( NP ( NNS insights ) ) ( PP ( IN into ) ( S-NOM ( VP ( VBG developing ) ( NP ( NNS cars ) ) ( PP ( IN for ) ( NP ( NNS trend-setters ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Meanwhile President Kume ordered everyone from top executives to rookie designers to go town watching to visit chic parts of Tokyo to try to gain insights into developing cars for trend-setters

( S ( NP-SBJ ( DT Some ) ( JJ town-watching ) ( NNS excursions ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB downright ) ( JJ comic ) ) ) )

Some town-watching excursions were downright comic

( S ( NP-SBJ-1 ( NP ( CD One ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( JJ middle-aged ) ( VBG manufacturing ) ( NNS men ) ) ( PP ( IN from ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNP Zama ) ( NN plant ) ) ( PP-LOC ( IN outside ) ( NP ( NNP Tokyo ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB check ) ( PRT ( RP out ) ) ( NP ( NP ( DT a ) ( JJ trendy ) ( NN restaurant ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN city ) ) ) ) ) ) ) ) ) )

One group of middle-aged manufacturing men from the company 's Zama plant outside Tokyo was supposed to check out a trendy restaurant in the city

( S ( CC But ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD arrived ) ( PP-LOC-CLR ( IN at ) ( NP ( DT the ) ( NN door ) ) ) ) ) ) ( NP-SBJ-2 ( DT all ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ afraid ) ( S ( VP ( TO to ) ( VP ( VB go ) ( ADVP-DIR ( RB in ) ) ) ) ) ) ( S-ADV ( VP ( VBG fearing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD would ) ( VP ( VB be ) ( PP-PRD ( IN out ) ( PP ( IN of ) ( NP ( NN place ) ) ) ) ) ) ) ) ) ) ) )

But when they arrived at the door all were afraid to go in fearing that they would be out of place

( S ( NP-SBJ ( JJ Other ) ( NNS trips ) ) ( VP ( VBD were ) ( ADJP-PRD ( RBR more ) ( JJ productive ) ) ) )

Other trips were more productive

( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Kume ) ) ( NP ( PRP himself ) ) ) ( VP ( VBD visited ) ( NP ( NP ( NP ( NNP Honda ) ( POS 's ) ) ( NN headquarters ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Tokyo ) ( POS 's ) ) ( JJ upscale ) ( NNP Aoyama ) ( NN district ) ) ) ) ) )

Mr. Kume himself visited Honda 's headquarters in Tokyo 's upscale Aoyama district

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD liked ) ( NP ( NP ( DT the ) ( JJ well-lighted ) ( NN lobby ) ( NN display ) ) ( PP ( IN of ) ( NP ( NP ( NNP Honda ) ( POS 's ) ) ( NNS cars ) ( CC and ) ( NNS trucks ) ) ) ) ( ADVP ( ADVP ( RB so ) ( RB much ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( S ( NP-SBJ ( NP ( NNP Nissan ) ( POS 's ) ) ( JJ gloomy ) ( NN lobby ) ( NN exhibit ) ) ( VP ( VBN refurbished ) ) ) ) ) ) ) ) )

He liked the well-lighted lobby display of Honda 's cars and trucks so much that he had Nissan 's gloomy lobby exhibit refurbished

( S ( ADVP-TMP ( RB Later ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBD borrowed ) ( NP ( NP ( JJ other ) ( NNP Honda ) ( NNS practices ) ) ( PP ( VBG including ) ( NP ( NP ( DT an ) ( NN engineering ) ( NN idea ) ( NN contest ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB promote ) ( NP ( NN inventiveness ) ) ) ) ) ) ) ) ) ) )

Later Nissan borrowed other Honda practices including an engineering idea contest to promote inventiveness

( S ( NP-SBJ ( CD One ) ( NN engineer ) ) ( VP ( VBD developed ) ( NP ( NP ( DT a ) ( NN crab ) ( NN car ) ) ( SBAR ( WHNP-246 ( WDT that ) ) ( S ( VP ( VBZ moves ) ( ADVP-DIR ( RB sideways ) ) ) ) ) ) ) )

One engineer developed a crab car that moves sideways

( S ( S ( NP-SBJ ( JJ Such ) ( JJ sudden ) ( JJ cultural ) ( NNS shifts ) ) ( VP ( MD may ) ( VP ( VB come ) ( PRT ( RP across ) ) ( PP-CLR ( IN as ) ( ADJP ( NP-ADV ( DT a ) ( RB bit ) ) ( JJ forced ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP seem ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ genuine ) ) ( PRN ( ADVP ( ADVP ( RB so ) ( RB much ) ( IN so ) ) ( PP ( IN in ) ( NP ( NN fact ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT some ) ( JJR older ) ( NNS employees ) ) ( VP ( VBP have ) ( VP ( VBN resisted ) ) ) ) ) ) ) ) ) ) ) ) )

Such sudden cultural shifts may come across as a bit forced but they seem to be genuine so much so in fact that some older employees have resisted

( S ( S ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBD handled ) ( NP ( DT the ) ( NNS die-hards ) ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( ADJP ( RB typically ) ( JJ Japanese ) ) ( NN fashion ) ) ) ) ) ( SINV ( S-TPC-1 ( NP-SBJ-2 ( PRP They ) ) ( VP ( VP ( VBD were ) ( RB n't ) ( VP ( VBN fired ) ) ) ( CC but ) ( ADVP ( RB instead ) ) ( VP ( VBD were ) ( VP ( VBN neglected ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Kouji ) ( NNP Hori ) ) ( NP ( NP ( DT the ) ( JJ personnel ) ( NN manager ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP Nissan ) ( NNP Technical ) ( NNP Center ) ) ) ) ) ) )

Nissan handled the die-hards in a typically Japanese fashion They were n't fired but instead were neglected says Kouji Hori the personnel manager at the Nissan Technical Center

( S ( PP ( IN Despite ) ( NP ( NP ( DT the ) ( NN pain ) ) ( PP ( IN of ) ( NP ( NN adjusting ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( JJ cultural ) ( NN revolution ) ) ( VP ( VBZ has ) ( VP ( VBN begun ) ( S ( VP ( TO to ) ( VP ( VB yield ) ( NP ( JJ exciting ) ( NNS cars ) ) ) ) ) ) ) )

Despite the pain of adjusting the cultural revolution has begun to yield exciting cars

( S ( S ( ADVP-TMP ( NP ( DT A ) ( NN year ) ) ( RB ago ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( ADVP ( RB completely ) ) ( VP ( VBD revamped ) ( NP ( NP ( PRP$ its ) ( JJ near-luxury ) ( NN sedan ) ) ( NP ( DT the ) ( ADJP ( CD 17,699 ) ) ( NNP Maxima ) ) ( SBAR ( WHNP-247 ( WDT which ) ) ( S ( VP ( VBZ competes ) ( PP-CLR ( IN against ) ( NP ( NP ( DT a ) ( JJ broad ) ( NN range ) ) ( PP ( IN of ) ( NP ( NN upscale ) ( NNS sedans ) ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD replaced ) ( NP ( PRP$ its ) ( JJ boxy ) ( JJ pug-nosed ) ( NN body ) ) ( PP-CLR ( IN with ) ( NP ( JJ sleek ) ( JJ aerodynamic ) ( NNS lines ) ) ) ) ) )

A year ago the company completely revamped its near-luxury sedan the 17,699 Maxima which competes against a broad range of upscale sedans it replaced its boxy pug-nosed body with sleek aerodynamic lines

( S ( PP-TMP ( IN Since ) ( ADVP ( RB then ) ) ) ( NP-SBJ ( NN Nissan ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( VP ( VBN launched ) ( NP ( NP ( JJ new ) ( NNS versions ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( CD 13,249 ) ) ( NNP 240SX ) ( JJ sporty ) ( NN coupe ) ) ( CC and ) ( NP ( NNP 300ZX ) ( NNS sports ) ( NN car ) ) ) ) ) ) ) )

Since then Nissan also has launched new versions of the 13,249 240SX sporty coupe and 300ZX sports car

( S ( NP-SBJ ( DT The ) ( JJ restyled ) ( NNP 300ZX ) ) ( VP ( VP ( VBZ costs ) ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 33,000 ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( VP ( VBN squared ) ( PRT ( RP off ) ) ( PP-CLR ( IN against ) ( NP ( NP ( DT the ) ( NNP Porche ) ( CD 944 ) ) ( SBAR ( WHNP-248 ( WDT which ) ) ( S ( VP ( VBZ begins ) ( PP-CLR ( IN at ) ( NP ( CD 41,900 ) ) ) ) ) ) ) ) ) ) ) )

The restyled 300ZX costs as much as 33,000 and is squared off against the Porche 944 which begins at 41,900

( S ( PP ( IN Besides ) ( NP ( JJ new ) ( NN styling ) ) ) ( NP-SBJ ( DT the ) ( JJ new ) ( NNPS Nissans ) ) ( VP ( VBP have ) ( NP ( NP ( ADJP ( RBR more ) ( JJ powerful ) ) ( NNS engines ) ) ( CC and ) ( NP ( ADJP ( RBR more ) ( JJ sophisticated ) ) ( NN suspension ) ( NNS systems ) ) ) ) )

Besides new styling the new Nissans have more powerful engines and more sophisticated suspension systems

( S ( NP-SBJ ( DT All ) ( CD three ) ( JJ new ) ( NNS models ) ) ( VP ( VBP are ) ( VP ( VBG outselling ) ( NP ( PRP$ their ) ( NNS predecessors ) ) ( PP ( IN by ) ( NP ( JJ wide ) ( NNS margins ) ) ) ) ) )

All three new models are outselling their predecessors by wide margins

( S ( PP-LOC ( IN In ) ( NP ( PRP$ its ) ( NN home ) ( NN market ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ has ) ( VP ( VBN grabbed ) ( NP ( NN attention ) ) ( PP ( IN with ) ( NP ( NP ( JJ limited-production ) ( NNS minicars ) ) ( VP ( VBG featuring ) ( NP ( NP ( VBG styling ) ) ( ADJP ( JJ odd ) ( RB enough ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ cute ) ) ) ) ) ) ) ) ) ) ) ) )

In its home market Nissan has grabbed attention with limited-production minicars featuring styling odd enough to be cute

( S ( NP-SBJ ( CD One ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NNP Pao ) ) ( NP ( NP ( DT a ) ( JJ tiny ) ( NN coupe ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ peelback ) ( NN canvas ) ( NN top ) ) ( CC and ) ( NP ( NP ( JJ tilted ) ( NNS headlights ) ) ( SBAR ( WHNP-249 ( WDT that ) ) ( S ( VP ( VBP give ) ( NP ( PRP it ) ) ( NP ( DT a ) ( JJ droopy-eyed ) ( NN look ) ) ) ) ) ) ) ) ) ) ) )

One is the Pao a tiny coupe with a peelback canvas top and tilted headlights that give it a droopy-eyed look

( S ( S ( NP-SBJ-1 ( NNP Nissan ) ) ( ADVP-TMP ( RB initially ) ) ( VP ( VBD planned ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( QP ( RB just ) ( CD 10,000 ) ) ( NNPS Paos ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NNS sales ) ) ( VP ( VBP have ) ( VP ( VBN passed ) ( NP ( CD 50,000 ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( JJ one-year ) ( NN waiting ) ( NN list ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN car ) ) ) ) ) ) )

Nissan initially planned to sell just 10,000 Paos but sales have passed 50,000 and there 's a one-year waiting list for the car

( S ( ADVP ( RB Then ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT the ) ( NNP S-Cargo ) ) ( NP ( NP ( DT an ) ( JJ offbeat ) ( NN delivery ) ( NN van ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ snail-like ) ( NN body ) ) ( SBAR ( WHNP-250 ( WDT that ) ) ( S ( VP ( VBD inspired ) ( NP ( PRP$ its ) ( NN name ) ) ) ) ) ) ) ) ) ) )

Then there 's the S-Cargo an offbeat delivery van with a snail-like body that inspired its name

( S ( NP-SBJ-1 ( NNP Nissan ) ) ( VP ( VBD helped ) ( S ( VP ( VB develop ) ( NP ( NP ( DT a ) ( NNP Tokyo ) ( NN restaurant ) ) ( PP ( IN with ) ( NP ( NP ( DT both ) ( NNS vehicles ) ) ( PP ( IN as ) ( NP ( PRP$ its ) ( NN design ) ( NN theme ) ) ) ) ) ) ) ) ) )

Nissan helped develop a Tokyo restaurant with both vehicles as its design theme

( S ( S ( NP-SBJ ( DT The ) ( NNS chairs ) ) ( VP ( VBP are ) ( NP-PRD ( NNP S-Cargo ) ( NNS seats ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT a ) ( NN gift ) ( NN shop ) ) ( VP ( VBZ sells ) ( NP ( NP ( JJ such ) ( NNS items ) ) ( PP ( IN as ) ( NP ( NP ( NN alarm ) ( NNS clocks ) ) ( VP ( VBN styled ) ( PP-MNR ( IN like ) ( NP ( NP ( DT the ) ( NNP Pao ) ( POS 's ) ) ( JJ oversized ) ( NN speedometer ) ) ) ) ) ) ) ) ) )

The chairs are S-Cargo seats and a gift shop sells such items as alarm clocks styled like the Pao 's oversized speedometer

( S ( NP-SBJ ( PDT All ) ( DT these ) ( NNS vehicles ) ) ( VP ( VP ( VBP have ) ( VP ( ADVP-MNR ( RB sharply ) ) ( VBN improved ) ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NN morale ) ( CC and ) ( NN image ) ) ) ) ( CC but ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN done ) ( NP ( RB much ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( NN market ) ( NN share ) ) ) ) ) ) )

All these vehicles have sharply improved Nissan 's morale and image but have n't done much for its market share

( S ( NP-SBJ-1 ( NNP Nissan ) ) ( VP ( VBD had ) ( NP ( NP ( CD 29 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ Japanese ) ( NN car ) ( NN market ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1980 ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VBG beginning ) ( NP ( NP ( DT a ) ( JJ depressing ) ( JJ eight-year ) ( NN slide ) ) ( SBAR ( WHNP-251 ( WDT that ) ) ( S ( VP ( VBD continued ) ( PP-TMP ( IN through ) ( NP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

Nissan had 29 % of the Japanese car market in 1980 before beginning a depressing eight-year slide that continued through last year

( S ( S ( NP-SBJ-1 ( JJ Strong ) ( NNS sales ) ) ( ADVP-TMP ( ADVP ( RB so ) ( RB far ) ) ( NP ( DT this ) ( NN year ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ certain ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( NP ( DT the ) ( NN tide ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( RB even ) ( DT the ) ( ADJP ( CD 25 ) ( NN % ) ) ( NN market ) ( NN share ) ) ( SBAR ( WHNP-252 ( IN that ) ) ( S ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ expects ) ( PP-TMP ( IN in ) ( NP ( CD 1989 ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB leave ) ( NP ( PRP it ) ) ( PP-LOC-CLR ( ADVP ( RB far ) ) ( IN below ) ( NP ( NP ( PRP$ its ) ( NN position ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN beginning ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN decade ) ) ) ) ) ) ) ) ) ) )

Strong sales so far this year are certain to turn the tide but even the 25 % market share that Nissan expects in 1989 will leave it far below its position at the beginning of the decade

( S ( S ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ concedes ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB recoup ) ( NP ( NP ( DT all ) ( PRP$ its ) ( NN market-share ) ( NNS losses ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ( PP-TMP ( IN until ) ( NP ( ADVP ( IN at ) ( JJS least ) ) ( CD 1995 ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( RB even ) ( DT that ) ( NN timetable ) ) ( VP ( MD might ) ( VP ( VB prove ) ( ADJP-PRD ( JJ optimistic ) ) ) ) ) )

Nissan concedes that it wo n't recoup all its market-share losses in Japan until at least 1995 and even that timetable might prove optimistic

( SINV ( S-TPC-1 ( NP-SBJ-2 ( NN Everyone ) ( JJ else ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB catch ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( JJ innovative ) ( NNS designs ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NN A. ) ( NNP Rama ) ( NNP Krishna ) ) ( NP ( NP ( NN auto ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( JJ First ) ( NNP Boston ) ( PRN ( NP-LOC ( NNP Japan ) ) ) ( NNP Ltd ) ) ) ) ) )

Everyone else is going to catch up with Nissan 's innovative designs says A. Rama Krishna auto analyst at First Boston Japan Ltd

( S-1 ( NP-SBJ ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NN pace ) ) ( PP ( IN of ) ( NP ( JJ new-model ) ( NNS hits ) ) ) ) ( VP ( MD will ) ( VP ( VB slow ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ adds ) ) ) ) ( SBAR-TMP ( RB just ) ( IN as ) ( S ( NP-SBJ ( JJ arch-rival ) ( NNP Toyota ) ) ( VP ( VBZ unleashes ) ( NP ( NP ( PRP$ its ) ( JJ own ) ( NN batch ) ) ( PP ( IN of ) ( NP ( JJ new ) ( NNS cars ) ) ) ) ) ) ) ) ) )

Nissan 's pace of new-model hits will slow he adds just as arch-rival Toyota unleashes its own batch of new cars

( S ( ADVP ( RB Likewise ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ has ) ( VP ( VBN grabbed ) ( NP ( NP ( CD 5.2 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN car ) ( NN market ) ) ) ) ( ADVP-TMP ( ADVP ( RB so ) ( RB far ) ) ( NP ( DT this ) ( NN year ) ) ) ( ADVP ( RB up ) ( PP ( IN from ) ( NP ( CD 4.5 ) ( NN % ) ) ( NP-TMP ( DT a ) ( NN year ) ( RB ago ) ) ) ) ) ) )

Likewise in the U.S. Nissan has grabbed 5.2 % of the car market so far this year up from 4.5 % a year ago

( S ( CC But ) ( NP-SBJ ( RB even ) ( WDT that ) ) ( VP ( VP ( VBZ brings ) ( NP ( NNP Nissan ) ) ( PP-DIR-CLR ( ADVP ( RB only ) ) ( TO to ) ( NP ( NP ( DT the ) ( NN share ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD had ) ( PP-TMP ( IN in ) ( NP ( CD 1987 ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ leaves ) ( NP ( DT the ) ( NN company ) ) ( PP-LOC-CLR ( IN behind ) ( NP ( NP ( PRP$ its ) ( NN high ) ) ( PP ( IN of ) ( NP ( CD 5.5 ) ( NN % ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1980 ) ( CC and ) ( CD 1982 ) ) ) ) ) ) ) )

But even that brings Nissan only to the share it had in 1987 and leaves the company behind its high of 5.5 % in 1980 and 1982

( FRAG ( WRB Why ) )

Why

( S ( ADVP-TMP ( RB So ) ( RB far ) ) ( NP-SBJ ( NP ( NNP Nissan ) ( POS 's ) ) ( NN new-model ) ( NNS successes ) ) ( VP ( VBP are ) ( ADVP ( RB mostly ) ) ( NP-PRD ( NP ( JJ specialized ) ( NNS vehicles ) ) ( PP ( IN with ) ( NP ( JJ limited ) ( NNS sales ) ( NN potential ) ) ) ) ) )

So far Nissan 's new-model successes are mostly specialized vehicles with limited sales potential

( S ( PP-LOC ( IN In ) ( NP ( NP ( NN compact ) ( CC and ) ( NN subcompact ) ( NNS cars ) ) ( NP ( NP ( DT the ) ( JJ bread-and-butter ) ( NNS sales ) ( NNS generators ) ) ( PP ( IN for ) ( NP ( JJ Japanese ) ( NN auto ) ( NNS makers ) ) ) ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( ADVP ( RB still ) ) ( VP ( VBZ trails ) ( NP ( NNP Toyota ) ( CC and ) ( NNP Honda ) ) ) )

In compact and subcompact cars the bread-and-butter sales generators for Japanese auto makers Nissan still trails Toyota and Honda

( S ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ hopes ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT that ) ) ( VP ( MD will ) ( VP ( VB start ) ( S ( VP ( TO to ) ( VP ( VB change ) ) ) ) ( NP-TMP ( DT this ) ( NN fall ) ) ( PP ( IN with ) ( NP ( NP ( PRP$ its ) ( JJ new ) ( NN version ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Stanza ) ( JJ compact ) ( NN sedan ) ) ) ) ) ) ) ) ) ) )

Nissan hopes that that will start to change this fall with its new version of the Stanza compact sedan

( S ( NP-SBJ ( DT The ) ( NNP Stanza ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( DT a ) ( NN nonentity ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP Honda ) ( POS 's ) ) ( ADJP ( RB hugely ) ( JJ successful ) ) ( NNP Accord ) ) ( CC and ) ( NP ( NP ( NNP Toyota ) ( POS 's ) ) ( NNP Camry ) ) ) ) ) ) ) )

The Stanza has been a nonentity compared with Honda 's hugely successful Accord and Toyota 's Camry

( S ( CC But ) ( NP-TMP ( DT this ) ( NN year ) ) ( NP-SBJ ( NNP Honda ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN revamped ) ( NP ( DT the ) ( NNP Accord ) ) ) ) ( CC and ) ( VP ( VBD made ) ( S ( NP-SBJ ( PRP it ) ) ( NP-PRD ( DT a ) ( JJ midsized ) ( NN car ) ) ) ) ) )

But this year Honda has revamped the Accord and made it a midsized car

( S ( S ( NP-SBJ ( NNP Nissan ) ) ( ADVP ( RB instead ) ) ( VP ( VBZ has ) ( VP ( VP ( VBN kept ) ( S ( NP-SBJ ( PRP$ its ) ( JJ new ) ( NNP Stanza ) ) ( ADJP-PRD ( ADVP ( NP-ADV ( DT a ) ( RB bit ) ) ( JJR smaller ) ) ( PP ( IN than ) ( NP ( DT that ) ) ) ) ) ) ( CC and ) ( VP ( VBN cut ) ( NP ( DT the ) ( JJ base ) ( NN price ) ) ( NP-EXT ( CD 6 ) ( NN % ) ) ) ) ) ) ( S ( PP-LOC ( IN at ) ( NP ( CD 11,450 ) ) ) ( NP-SBJ ( NNP Stanza ) ( NNS prices ) ) ( VP ( VP ( VBP start ) ( PP-LOC-CLR ( NP-ADV ( CD 749 ) ) ( IN below ) ( NP ( DT the ) ( NN predecessor ) ( NN model ) ) ) ) ( RB yet ) ( VP ( VBP have ) ( NP ( DT a ) ( JJR more-powerful ) ( NN engine ) ) ) ) ) )

Nissan instead has kept its new Stanza a bit smaller than that and cut the base price 6 % at 11,450 Stanza prices start 749 below the predecessor model yet have a more-powerful engine

( S ( NP-SBJ ( NNP Accord ) ( NNS prices ) ) ( VP ( VBP start ) ( PP-CLR ( IN at ) ( NP ( CD 12,345 ) ) ) ) )

Accord prices start at 12,345

( S ( NP-SBJ ( NP ( NNP Nissan ) ( POS 's ) ) ( NN risk ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ-1 ( PRP$ its ) ( JJ low-base-price ) ( NN strategy ) ) ( VP ( MD might ) ( VP ( VB get ) ( VP ( VBN lost ) ( PP-LOC ( IN amid ) ( NP ( NP ( DT the ) ( ADJP ( RB highly ) ( JJ publicized ) ) ( NNS rebates ) ) ( VP ( VBG being ) ( VP ( VBN offered ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Detroit ) ( POS 's ) ) ( JJ Big ) ( CD Three ) ) ) ) ) ) ) ) ) ) ) ) ) )

Nissan 's risk is that its low-base-price strategy might get lost amid the highly publicized rebates being offered by Detroit 's Big Three

( SINV ( S-TPC-1 ( CC But ) ( PP ( IN on ) ( NP ( DT a ) ( JJ new ) ( NN car ) ) ) ( NP-SBJ ( DT a ) ( NN rebate ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB work ) ( ADVP-MNR ( RB well ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ cheapens ) ( NP ( NP ( DT the ) ( NN vehicle ) ( POS 's ) ) ( NN image ) ) ) ) ) ) ) ) ( VP ( VBZ contends ) ) ( NP-SBJ ( NP ( NNP Thomas ) ( NNP D. ) ( NNP Mignanelli ) ) ( NP ( NP ( NN executive ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NNP U.S. ) ( NNS sales ) ( NN arm ) ) ) ) ) )

But on a new car a rebate does n't work well because it cheapens the vehicle 's image contends Thomas D. Mignanelli executive vice president of Nissan 's U.S. sales arm

( S ( SBAR-ADV ( RB Even ) ( IN if ) ( S ( NP-SBJ ( DT the ) ( JJ new ) ( NNP Stanza ) ) ( VP ( VBZ succeeds ) ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( MD will ) ( VP ( VB remain ) ( ADVP-LOC-CLR ( RB behind ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN subcompact ) ( NN segment ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP$ its ) ( NNP Sentra ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB measure ) ( PRT ( RP up ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NX ( NX ( NNP Honda ) ( NNP Civic ) ) ( CC and ) ( NX ( NNP Toyota ) ( NNP Corolla ) ) ) ) ) ) ) ) ) ) ) ) ) )

Even if the new Stanza succeeds Nissan will remain behind in the subcompact segment where its Sentra does n't measure up to the Honda Civic and Toyota Corolla

( S ( NP-SBJ ( NNP Nissan ) ) ( VP ( MD will ) ( VP ( VB introduce ) ( NP ( DT a ) ( ADJP ( RB completely ) ( VBN revamped ) ) ( NNP Sentra ) ) ( NP-TMP ( JJ next ) ( NN fall ) ) ) ) )

Nissan will introduce a completely revamped Sentra next fall

( S ( PP-LOC ( IN At ) ( NP ( NP ( DT the ) ( JJ opposite ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN market ) ) ) ) ) ( NP-SBJ ( NNP Nissan ) ) ( VP ( VBZ launches ) ( NP ( PRP$ its ) ( NN luxury ) ( NNP Infiniti ) ( NN division ) ) ( PP-TMP ( IN on ) ( NP ( NNP Nov. ) ( CD 8 ) ) ) ( SBAR-TMP ( SBAR ( NP-ADV ( CD three ) ( NNS years ) ) ( IN after ) ( S ( NP-SBJ ( NN Honda ) ) ( VP ( VBD pioneered ) ( NP ( JJ Japanese ) ( NN luxury ) ( NNS cars ) ) ) ) ) ( CC and ) ( SBAR ( NP-ADV ( CD two ) ( NNS months ) ) ( IN after ) ( S ( NP-SBJ ( NP ( NNP Toyota ) ( POS 's ) ) ( NNP Lexus ) ) ( VP ( VBD went ) ( PP-CLR ( IN on ) ( NP ( NN sale ) ) ) ) ) ) ) ) )

At the opposite end of the market Nissan launches its luxury Infiniti division on Nov. 8 three years after Honda pioneered Japanese luxury cars and two months after Toyota 's Lexus went on sale

( S ( NP-SBJ-1 ( NNP Nissan ) ) ( VP ( VBD started ) ( S ( VP ( VBG advertising ) ( NP ( NNP Infiniti ) ) ( SBAR-TMP ( NP-ADV ( RB fully ) ( CD eight ) ( NNS months ) ) ( IN before ) ( S ( NP-SBJ ( DT the ) ( NNS cars ) ) ( VP ( VBD hit ) ( NP ( JJ American ) ( NNS showrooms ) ) ) ) ) ) ) ) )

Nissan started advertising Infiniti fully eight months before the cars hit American showrooms

( S ( NP-SBJ ( DT The ) ( NNS ads ) ) ( VP ( VBD featured ) ( NP ( NP ( NP ( NNS fences ) ) ( NP ( NNS rocks ) ) ( CC and ) ( NP ( NN pussy-willow ) ( NNS buds ) ) ) ( NP ( NP ( RB almost ) ( NN anything ) ) ( CC but ) ( NP ( NP ( DT the ) ( NNS cars ) ) ( NP ( PRP themselves ) ) ) ) ) ) )

The ads featured fences rocks and pussy-willow buds almost anything but the cars themselves

( S ( NP-SBJ ( DT The ) ( NNS ads ) ) ( VP ( VBP have ) ( VP ( VBN generated ) ( NP ( NP ( DT some ) ( NNS laughs ) ) ( CC but ) ( RB also ) ( NP ( NP ( NN plenty ) ) ( PP ( IN of ) ( NP ( NN attention ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP are ) ( PP-PRD ( ADVP ( RB so ) ) ( IN unlike ) ( NP ( DT any ) ( JJ other ) ( NNP U.S. ) ( NN auto ) ( NN advertising ) ) ) ) ) ) ) ) )

The ads have generated some laughs but also plenty of attention because they are so unlike any other U.S. auto advertising

( S ( PP ( IN On ) ( NP ( DT the ) ( JJ other ) ( NN hand ) ) ) ( NP-SBJ ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( NNS sales ) ( NNS goals ) ) ( PP ( IN for ) ( NP ( NNP Infiniti ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ modest ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP Toyota ) ( POS 's ) ) ( NNS targets ) ) ( PP ( IN for ) ( NP ( NNP Lexus ) ) ) ) ) ) ) )

On the other hand Nissan 's sales goals for Infiniti are modest compared with Toyota 's targets for Lexus

( S ( NP-SBJ-1 ( NNP Nissan ) ) ( VP ( MD will ) ( VP ( VB build ) ( NP ( NP ( QP ( RB only ) ( IN about ) ( CD 3,500 ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( ADJP ( CD 38,000 ) ) ( NNP Infiniti ) ( NNP Q45 ) ( NNS sedans ) ) ) ) ( NP-TMP ( DT each ) ( NN month ) ) ( S-ADV ( VP ( VP ( VBG sending ) ( NP ( NP ( QP ( IN about ) ( CD 2,000 ) ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( CC and ) ( VP ( VBG keeping ) ( NP ( DT the ) ( NN rest ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NN sale ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) )

Nissan will build only about 3,500 of the 38,000 Infiniti Q45 sedans each month sending about 2,000 of them to the U.S. and keeping the rest for sale in Japan

( S ( NP-SBJ-1 ( NNP Toyota ) ) ( VP ( VBZ wants ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( QP ( IN about ) ( CD 49,000 ) ) ( NNP Lexus ) ( NN LS400 ) ( NNS sedans ) ) ( NP-TMP ( JJ next ) ( NN year ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP U.S. ) ) ( ADVP ( RB alone ) ) ) ) ) ) ) ) )

Toyota wants to sell about 49,000 Lexus LS400 sedans next year in the U.S. alone

( SINV ( S-TPC-1 ( SBAR-TMP ( WHADVP-2 ( WRB When ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBD saw ) ( NP ( DT the ) ( NNP Lexus ) ( NNS sales ) ( NNS projections ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBD got ) ( ADJP-PRD ( JJ worried ) ) ) ) ( VP ( VBZ confesses ) ) ( NP-SBJ ( NP ( NNP Takashi ) ( NNP Oka ) ) ( SBAR ( WHNP-253 ( WP who ) ) ( S ( VP ( VBD led ) ( NP ( DT the ) ( NNP Infiniti ) ( NN development ) ( NN team ) ) ) ) ) ) )

When I saw the Lexus sales projections I got worried confesses Takashi Oka who led the Infiniti development team

( S-1 ( CC But ) ( PP ( IN on ) ( NP ( NN reflection ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Oka ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD concluded ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNP Nissan ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( ADJP-PRD ( JJ prudent ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VP ( VBG following ) ( NP ( PRP$ its ) ( JJ slow-startup ) ( NN strategy ) ) ) ( CONJP ( RB instead ) ( IN of ) ) ( VP ( ADVP-MNR ( RB simply ) ) ( VBG copying ) ( NP ( NNP Lexus ) ) ) ) ) ) ) ) ) ) ) )

But on reflection Mr. Oka says he concluded that Nissan is being prudent in following its slow-startup strategy instead of simply copying Lexus

( S ( S-TPC-1 ( S ( NP-SBJ ( NNP Infiniti ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( NNP Nissan ) ( POS 's ) ) ( JJ big ) ( NN business ) ( NN move ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ 21st ) ( NN century ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( PP-PRD ( IN in ) ( NP ( DT no ) ( NN hurry ) ( S ( VP ( TO to ) ( VP ( VB generate ) ( NP ( JJ large ) ( NNS profits ) ) ( ADVP-TMP ( RB right ) ( RB away ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Oka ) ) ( VP ( VBZ says ) ) )

Infiniti is Nissan 's big business move for the 21st century and we 're in no hurry to generate large profits right away Mr. Oka says

( S ( S-TPC-1 ( PP ( IN Despite ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB add ) ( NP ( CD two ) ( JJ new ) ( NNP Infiniti ) ( NNS models ) ) ( NP-TMP ( IN next ) ( NN year ) ) ( S-ADV ( VP ( VBG bringing ) ( NP ( DT the ) ( NN total ) ) ( PP-CLR ( TO to ) ( NP ( CD four ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Infiniti ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB show ) ( NP ( NNS profits ) ) ( PP-TMP ( IN for ) ( NP ( QP ( IN at ) ( JJS least ) ( CD five ) ) ( NNS years ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ adds ) ) )

Despite plans to add two new Infiniti models next year bringing the total to four Infiniti wo n't show profits for at least five years he adds