Word: auto
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...hopes. Saab last week agreed to sell General Motors a 50% interest in its car-making operations, which had 1988 sales of $2.6 billion, for some $600 million, plus a promise that GM will invest another $100 million. Saab, which also makes trucks and aircraft, will spin the auto holdings into a subsidiary to carry out the deal...
...Harvard professor of economics and philosphy will receive a $200,000 prize from an Italian auto corporation for his contribution to the study of ethics, the corporation announced earlier this week...
Since those heady days, a battle-weary Pickens has abandoned the U.S. takeover field and gone hunting in Japan. But he has been stymied in a drive to win four seats on the board of Koito Manufacturing, a Tokyo auto-parts maker in which he controls a 20% share. Pickens says Koito has hired Wall Street consultants to advise the company on how to keep him at bay. Meanwhile, a federal appeals court in Philadelphia last August reinstated a class-action suit that Phillips Petroleum shareholders brought against Pickens in 1984. The plaintiffs claim that the value of their stock...
Vernal Brown, 39, does what used to be a man's job: making front bumpers in a Ford auto plant in St. Louis. Though her paycheck was essential for paying the family's bills, she says, her husband "expected the same as if I was a housewife. He told me that if I couldn't take care of the needs at home and have his food ready, I should quit." Instead Brown quit her marriage. Among the upper middle class, male rhetoric may sound enlightened, but the bottom line is much the same. In The Second Shift, a study...
...with a winner, so did Reagan. Novak, 41, came to the collaboration with credentials of his own. He is the golden mouthpiece of the nation's celebrities, a literary John Alden who can consistently woo -- and win -- the public in their behalf. In 1984 Iacocca, Novak's collaboration with auto executive Lee Iacocca, jolted the publishing world by selling 2.7 million copies. He followed that up with best sellers on Tip O'Neill and Sydney Biddle Barrows, the deb-styled Mayflower Madam. Paid a paltry $80,000 for the Iacocca book (which made $10 million to $15 million...