Word: auto
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Voters who approved a rollback in auto premiums may inspire a wider revolt. -- Why Ross Johnson' s overreaching grab for RJR Nabisco infuriates his board of directors...
...year, however, all but two of the state's 29 initiatives were sponsored by special interests, which spent a record $130 million. Yet Johnson would have been pleased by the public's ability to resist high-powered persuasion. The insurance industry spent $75 million backing four contradictory and confusing auto-insurance referendums. All were defeated, and a consumer initiative calling for deep cuts in auto, home and $ commercial insurance rates seemed close enough to ensure a recount. But Proposition 19, which proposed a 25 cents tax on cigarettes to fund medical research and education, passed, despite the tobacco industry...
...door versions of the Olds Cutlass Supreme, Buick Regal and Pontiac Grand Prix; the four-door models are expected next fall. Already, one of them, the Chevrolet Lumina, is known inside GM as a "Taurus killer." But inasmuch as four-door cars make up 75% of U.S. auto sales, analysts wonder why GM first came out with two-door models, then allowed production of the larger versions to languish during a slowdown in GM's capital spending. Says analyst Maryann Keller: "The person who made that decision had absolutely no comprehension of the car market...
...European operations in 1982 after a 17-month stint, union delegates at West Germany's Russelsheim plant gave him a ceramic wine pitcher as a symbol of the warm relations he fostered with the rank and file. Detroit's unions appreciate him too. Donald Ephlin, head of the United Auto Workers' GM unit, prizes the president's accessibility. Says Ephlin: "If I have things to bring to his attention, he is very responsive...
...sent from China. The English translation of the instructions supplied by the manufacturer was often puzzling. A sample sentence: "Starting direction signal is sent out in electric part, enabling main servomotor open, increasing speed of generating unit and reach to steady speed under no load under the function of auto adjusting speed." Deciphering such instructions and reconciling the various pieces of equipment caused a delay of one year, during which interest payments and other costs continued...