Word: auto
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...been a cake-walk-so far. He has raised almost twice as much money as his nearest competitor. The AFL-CIO, the United Auto Workers, the National Education Association and the National Organization for Women all support him. So do Tip O'Neill, Robert Strauss, perhaps 100 members of the House, New York Governor Mario Cuomo, Massachusetts Governor Michael Dukakis, San Francisco Mayor Dianne Feinstein, Los Angeles Mayor Tom Bradley, Detroit Mayor Coleman Young. Concedes a top strategist: "The worst Pollyanna in our bunch wouldn't have been able to predict last December that we would...
...performances are giving Wall Street auto watchers something to shout about. "Super! Great! Beautiful! A hell of a job!" bubbled Michael Ward of New York City's Jesup & Lament Securities. The excitement was not over just the amount of profits but also how they were achieved: more efficient production with more automation, higher prices, lower costs, sharply reduced blue-and white-collar work forces. GM's earnings last year, for example, were about the same as in 1978, but with 1.7 million fewer vehicle sales...
Suburbia piles into the latest hot ticket from Detroit Visitors to the annual auto show at New York City's Coliseum last week gazed with longing at expensive sports cars and custom-stretched limousines. But a real hit of the extravaganza was the new minivans that are now rushing onto American highways. At the Chrysler display, people bounced up and down in the driver's seat and clambered around the interior. Said Edward Thomas from Matawan, N.J., a prospective purchaser: "It's a very practical vehicle and more fashionable than a regular-size van." Car buyers around...
...General Motors and Ford will not launch vans until early in 1985. Both firms chose to put out a line of small trucks before the minivans. To catch up, Ford has even taken the unusual step of displaying a mock-up of its slope-fronted Aerostar minivan at auto shows a full year before the official introduction. Says Sales Vice President Philip Benton: "We think there is a market for 600,000 minivans eventually, and we think ours is a winner." Chrysler Chairman Lee lacocca and President Harold Sperlich first discussed building minivans in the mid-1970s, when both...
...sales of vans had dropped to 342,000. Early customer surveys indicate that a whole new class of car buyers is now dis covering vans. Most are former owners of sedans or station wagons, and only 3% previously had vans. Says Maryann Kel ler, a portfolio manager and auto-industry analyst with Vilas-Fischer Associates in New York City: "This is a whole new concept to foist on suburbia...