Word: auto
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...some way the goalpost would collapse like an auto antenna," Fiering said yesterday. But he added that the new goalpost would have to have some sort of locking device which would prevent it from collapsing at the wrong time...
...branch of the United Auto Workers (UAW) unrecognized by Harvard yesterday charged Harvard with endangering the health of workers in three Medical Area buildings...
Last week brought fresh evidence that consumer spending, which fueled the first year of the recovery, continues strong. The Government reported that retail sales jumped 2.2% in January, to a record $104.4 billion, for the best gain in eight months. Included was a healthy 1.2% increase in auto sales. Consumers showed their confidence last December by adding an unprecedented $6.6 billion to their debt. Moreover, Americans' personal income last month rose...
...ballyhooing its profits, because company negotiators are scheduled to sit down with United Auto Workers' officials this summer to negotiate a new contract. Increased profit sharing is expected to be an important U.A.W. demand. Under a 1982 agreement, the auto workers gave major wage concessions to GM and got back, in part, a profit-sharing program that will give $322 million to employees out of 1983 earnings. That comes to an average of $640 for each eligible worker...
While Detroit liked 1983, this year should be even better. Sales in January, usually slowed by bad weather, were up 41% from a year ago. That pushed the sales rate on an annual basis to 10.25 million vehicles, and auto executives are saying that 1984 sales of 10.5 million cars are possible. Last October they forecast sales of only 10 million. Indeed, Detroit's carmakers could earn as much as $9 billion this year. Even AMC is anticipating that it will make money. Said GM's Smith: "Our recovery could be even stronger than we've predicted...