Word: auto
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...describes its new offspring as a "clean sheet" operation. While wholly owned by GM, the company will have its own network of dealers, its own labor contract with the United Auto Workers, its own factory, engineering and design staffs, and even its own president. He is Joseph J. Sanchez, 54, a former Oldsmobile division boss and head of GM Latin American subsidiaries. Sanchez will operate much like the chief executive of a totally new and independent company. Said Smith: "We are not going to handicap him with a lot of preordained rules." Freed from the heavy, established GM structure, Saturn...
During the 2 1/2-hour meeting, the President made no such demands and did not raise the question of whether Japan would renew the "voluntary" restraint agreement on auto exports due to expire in March. But he stressed that Japan should open its markets in areas where the U.S. is particularly competitive, notably telecommunications, electronics, forest products and medical supplies. Nakasone replied that he was "keenly aware" of U.S. "frustration" and promised personally to "step in and deal with specific problems." He displayed a reassuring grasp of details: when American officials cited the dialysis machine as an example of products being...
...linked to witchcraft and that doctors are little better than magicians; of heart disease, pneumonia and gangrene; in Shoe Lake, Ind. Freeman, a former Baptist Bible scholar who told his followers that he would not die because prayer had enabled him to survive several heart attacks and an auto accident, was indicted last October in the death of a 15-year-old disciple from chronic kidney disease. The Fort Wayne (Ind.) News-Sentinel has reported that at least 88 Faith Assembly members have died from treatable illnesses or injuries...
...Japanese auto executives are angry at themselves for letting sales ebb away. Recalls one: "We were so cocky that we just went ahead and let all these American engineers take a look at nearly whatever they wanted to in our light-truck plants." Now the Japanese are pushing to improve sales through low prices. Though they face a 25% import duty imposed in 1980, they are unfettered by the quotas that restrict the number of cars they can export to the U.S. A Mazda Sundowner B-2000 can be bought for $5,795. The lowest-cost American-made pickup...
...adapt it to U.S. safety and emission standards. Example: a Mercedes 500 SEL, when bought from an authorized dealer in the U.S., is about $52,000. The same model bought in West Germany and imported by a U.S. buyer goes for some $40,000 after the extra charges. American auto dealers sometimes refuse to service a modified car or take one in trade. But as long as that huge price difference exists, the freelance importers will continue buying abroad...