Word: auto
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...much of a birthday present for Lee Iacocca, Chrysler's celebrated chairman, best-selling author, television pitchman and, now, syndicated newspaper columnist. He turned 61 on Oct. 15, and less than 24 hours later some 70,000 American and 10,000 Canadian members of the United Auto Workers walked off their jobs at Chrysler. It was the company's first major U.S. strike since...
...company hardly plays down the threat. Says Thomas Miner, Chrysler's vice president for industrial relations: "This whole company is paralyzed, and we'll start to bleed to death." U.S. negotiations recessed for the weekend, although talks continued in Canada. The Chrysler strike comes just as the U.S. auto industry is completing a banner year, projecting sales of 15.5 million new cars and trucks for 1985. Strong auto business helped the economy grow at a 3.3% annual rate for the three months ended Sept. 30, up from 1.1% for the first half of the year. Small-truck sales in particular...
SENTENCED. Clarence Busch, 52, drunken driver whose 1980 killing of 13-year- old Cari Lightner in Fair Oaks, Calif., prompted her mother Candy to form Mothers Against Drunk Driving (MADD); to four years in prison for crashing his car while intoxicated last April into an auto driven by Carrie Sinnott, causing her minor injuries; in Sacramento. After his conviction in the Lightner case, Busch spent about 2 1/2 years in prison, work camps and halfway houses before his parole last February...
Automobile dealers have traditionally been a loyal lot, sticking by their carmaker through ups and downs. If a new-car dealer sold Ford Motor Co. products, buyers had to shop elsewhere for a General Motors car. But after the auto recession of the late 1970s and early 1980s, when some 5,000 dealers closed their doors, the survivors tried to reduce their dependence on a single company by carrying a host of different cars. Today so-called megadealers sell many makes, sometimes out of one-stop auto supermarkets, where customers can buy either a Mercedes-Benz or a Jeep. Other...
...auto companies originally did not like the move to megadealers. General Motors tried to control its dealers by limiting them to just one GM franchise. Potamkin avoided that constraint by keeping only one GM dealership in his name and letting his sons own the others. Other dealers who wanted to increase revenues started taking on hot-selling imports. Owners of Chevrolet or Cadillac franchises were soon selling German and Japanese cars as well. This year GM changed its rules, allowing dealers to own five separate GM franchises and invest in five more...