Word: auto
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...majority stake in MGM/UA Communications. Chrysler, which suffered a $214 million loss in the third quarter, must have looked like a bargain. Its stock price has fallen 40% in the past year, to 12 1/4. Even so, Kerkorian's strategy remains a mystery, since Chrysler's share of the auto market is weakening and the automaker's assets might be difficult to sell piecemeal...
Just as the auto industry determines the basic health and output of a host of other industries (steel, plastics, rubber), the American entertainment business has become a driving force behind other key segments of the country's economy. As a result of this so-called multiplier effect, the products and profits of dozens of U.S. industries are umbilically tied to American entertainment: fast food, communications technology, sportswear, toys and games, sporting goods, advertising, travel, consumer electronics and so on. And the underlying strength of the American economy, many economists believe, has a lot to do with...
Where's Saturn? Frustrated dealers and prospective car buyers have been asking that question since General Motors rolled out its much touted new auto in October. Last week GM's Saturn division said that trouble in fitting the car's doors and other exterior components, and in obtaining parts that meet strict quality standards, had limited production through Nov. 30 to 2,162 autos, one- third of the planned output. Saturn said it was correcting the problems, and expects to build 3,000 cars in December, still less than half the projected production rate...
Street Beat's mobile units operate five nights a week. On this evening the medical van pulls up to a quiet corner below a harsh streetlight that illuminates closed-up warehouses and auto-body shops. The pavement glistens with water from fire hydrants, which addicts tap to clean their needles. One woman paces the sidewalk with her skirt pulled above her waist, and another crouches on the ground injecting heroin into her arm. Lines of cars circle the block. Girls, men and older couples flock toward...
...Detroit's automakers are among the first to pull over to the side of the road. True to that tradition, General Motors acknowledged last week that it was likely to report an operating loss for the fourth quarter, its first such deficit in four years. The world's largest auto company had operating income of $109 million in the third quarter before a $2.1 billion charge for plant closings pushed it into the red. GM attributed its latest problems to slack demand that has led the company to reduce its fourth-quarter car and truck production...