Word: alfa
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Dates: during 1980-1989
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Frustrated in its effort to challenge the U.S. on the surface, Moscow has built the world's largest, and in some ways most advanced, fleet of nuclear- powered submarines. While the undertaking produced such vessels as the titanium-hulled Alfa-class boats, so expensive that only six were built, it also produced newer Soviet sub classes that go faster, travel deeper and carry more weapons than their American rivals. Moscow's Oscar-class attack submarines are the most heavily armed on the seas...
...turn the 1980s into the Spree Decade. "You work to have what you like, when you like," explains Nino Merenda, 31, a hair stylist in Skokie, Ill. "At this stage, I'd rather have a nice car than money in the bank." In fact, Merenda owns two cars: an Alfa Romeo and a Fiat...
Strasos said he spent most of the $25,000--including a reported $6000 for a used Alfa Romeo--because he thought his parents had wired it to him from Greece. In fact, they had wired him only $4000 in September...
...Taiwan. Next year Ford plans to begin importing a minicar called the Festiva, which will be manufactured by Kia, the automaker's South Korean partner. Ford just missed winning another major ally when it failed two weeks ago in an estimated $2 billion bid to buy Italy's Alfa Romeo, the ailing manufacturer of sexy sports cars. Alfa's current owner, Italy's government, decided to sell the company to Fiat instead...
...Alfa Romeo is in bad shape, having lost an estimated $170 million last year. Even so, Ford had wanted to use Alfa's products to compete in the European and U.S. markets for luxury sports cars now dominated by such rivals as Mercedes- Benz and Jaguar. But Fiat was eager to protect its No. 1 position in Italy by keeping Alfa out of Ford's hands...