Word: auto
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...memorials to the fallen heroes. Many other communities paid comparable tributes. The floodlights that normally bathe New York City's Empire State Building in bright colors were darkened. Residents of Harlem petitioned Mayor Ed Koch to name a street after black Astronaut Ronald McNair, whose father once operated an auto shop on East 96th Street. All along the Florida coast, from Jacksonville to Miami, some 20,000 people pointed flashlights skyward on Friday night...
...names were at the Houston Auto Show: General Motors, Ford, Chrysler, Volkswagen, Toyota and Nissan. But the name that attracted the most attention was a new one: Hyundai (rhymes with Sunday). Hyundai is the first South Korean company to export cars to the U.S. At the Houston show and at the National Automobile Dealers Association convention in New Orleans, Hyundai last week unveiled its new Excel, a front-wheel-drive subcompact with an enticing base price of $4,995. The company is launching Excel with a $25 million advertising campaign and confidently predicts that it will sell 100,000 vehicles...
...business arena is more alluring to Korean manufacturers than the U.S. auto showroom. Americans bought some 11 million cars last year for $131 billion. Hyundai, whose Pony subcompact is already the best-selling import in Canada, may be able to capitalize indirectly on the lofty reputation of products made in Japan. Says Edward Klein, a Canadian auto dealer who sells the Pony: "People perceive it as a quality car because it comes from the Orient." That perception has some foundation: Japan's Mitsubishi owns 15% of Hyundai and supplies the technology for the Excel's engine and transmission...
...bothers me very much that an office full of people whose job it is to look after freshmen and understand them--should react as they did in this case. They acknowledged that they knew a lot about Sam. They knew that Sam's father died in an auto accident a year ago, and that Sam was extremely upset by this. They knew he couldn't tell his mother about his troubles because it would break her heart. They knew that he was a deeply religious and very moral young man, who was not in the habit of beating...
...three-year-old economic recovery is vulnerable to a host of debilitating troubles. Growth has been going on for so long that an unexpected development like poor Christmas sales or a falloff in auto production could tip the economy into recession. After good growth of 3.4% in 1983 and 6.6% in 1984, the U.S. economy in 1985 expanded just 2.4%. Nonetheless TIME's Board of Economists offers an optimistic forecast for American business, predicting steady if unspectacular growth in the coming year. Board members declared that the economy will move forward and avoid a recession...