Word: brakes
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Dates: during 1980-1989
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...Government action when the Environmental Protection Agency ordered it to recall 112,000 of its 1979 Chevrolet Chevettes for exceeding maximum federal standards for carbon-monoxide emissions GM said separately that it is calling back 367,700 vehicles, produced mainly during the 1983 model year, to correct defects involving brakes. In addition, a federal judge released confidential company documents reportedly indicating that GM knew that its 1980 X-model autos had brake problems before it started producing the cars. The material was assembled in connection with a Justice Department suit demanding that GM recall all 1.1 million...
...federal rules. It has reviewed 119 regulations already on the books, killing or revising 76 of them and proposing changes in 27 more. Of 6,700 proposed new rules, it has revised or rejected about one in nine. Its review process can take months or years, effectively putting a brake on good as well as unnecessary changes...
...dispute over X-car brakes began in November 1979, when the National Highway Traffic Safety Administration began an investigation after complaints that when the brakes were applied even moderately, the rear wheels tended to lock and throw the car into a skid. After much prodding, GM announced a recall of 47,371 X-cars some 20 months later. But it did not repair the brake defect successfully. Last January N.H.T.S.A. declared that about 320,000 of the cars were unsafe. In February 1983, GM ordered a second recall of 240,000 cars. N.H.T.S.A. still considered the action inadequate. The Government...
...suit, the Justice Department contends that GM knew about the brake problem in 1978, when the car was in the prototype stage, and that although GM changed the brakes in subsequent models, it made no attempt to warn owners during the 1980 model year. In addition, the suit charges that GM gave "false and misleading responses in at least 18 instances" after N.H.T.S.A. began its Investigation. Examples: GM said it received fewer complaints than it actually had, falsely claimed that it made no written analysis of the problem and denied that it had changed the brake design...
...ease Committee policy, and the market has been reacting nervously to rumors of higher rates. Investor fears that Fed tightening would boost interest levels caused the Dow Jones industrial average to drop 14.92 points last week, to close at 1192. The Reagan Adminstration, which fears that tight money could brake the recovery, has been making some clumsy attempts to influence the Federal Reserve's policy on interest rates. White House Spokesman Larry Speakes said last week that the Administration opposes any increase in the discount rate, which is the interest the Fed charges on loans to its member banks...