Word: auto
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ISHMAEL SCOTT REED WAS BORN in Chattanooga, Tennessee on February 22, 1938, to Henry Lenoir, a fundraiser for the YMCA and Thelma Coleman, a homemaker and sales clerk. Later, his mother married Bennie Reed, an auto worker. In 1942, Reed moved with his mother to Buffalo, New York, where his mother worked in various wartime industries. As a teenager, he half-heartedly attended Buffalo public schools, he wrote a jazz column for a local newspaper in his spare time...
...supply two more upscale models: the Medallion, a $10,000 compact to be introduced in March, and the Alpine, a flashy $30,000 sports car that is due in September. AMC is pinning its highest hopes, though, on a pair of models designed by Giorgetto Giugiaro, the noted Italian auto stylist, which will be built at the new Canadian plant. They are the Premier, an intermediate-size sedan that will reach showrooms in October, and a sportier coupe, code-named the X-59, which will appear a year later. The Premier and the X-59 have not yet been priced...
Experts are divided on the company's chances for a recovery. Says a skeptical Maryann Keller, who follows the auto industry for Furman Selz, a Manhattan investment firm: "AMC has a habit of coming out with cars that are popular for a year and then just die away." Ronald Glantz of Montgomery Securities in San Francisco offers more hope: "There's a pretty good chance that AMC can make money, but a lot of things have to come together...
Negotiations for a new contract had dragged since December with no agreement, and the clerical union, Local District 65 of the United Auto Workers, voted to set a strike date of February...
When Yugoslavia's Yugo invaded the U.S. in 1985, Americans got their first chance to test the workmanship of a Communist automaker. The reaction so far has been lukewarm, but now another East European country is preparing an assault on the U.S. market. Auto-Dacia, Rumania's state-run car company, plans to introduce its Oltcit, Aro and Dacia models this spring. That could start a price war among comrades. The Oltcit, a three-door hatchback, will go for $3,980 -- $10 less than the cost of a Yugo...