Word: chrysler
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Dates: during 1970-1979
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...capping the heaviest quarterly sales in its history. That was largely the result of a buying splurge following the lengthy auto workers' strike, but G.M. reports that pent-up demand has now been wholly satisfied. Profits also climbed sharply at Ford (up 37%, to $169 million) and at Chrysler, which reported first-quarter earnings of $10.8 million v. a loss of $27.4 million in the equivalent period last year...
...Tokyo, Japanese businessmen saw a hidden meaning in the fact that some of the U.S. team members had corporate ties, especially their leader, Graham Steenhoven, a Chrysler personnel supervisor. Convinced that Steenhoven carried secret orders to clinch a business deal with Peking, Japanese automen telexed their U.S. offices to find out everything possible about him. Told that he was not listed among Chrysler's top executives, they cabled again: "Impossible, look harder...
Balk points out that Manhattan's 77-story Chrysler Building pays no property tax because its collegiate owner, Cooper Union, has an 1859 charter from the state legislature granting permanent exemption. The Chrysler Building will soon lose its distinction as the world's tallest tax exemption to the 110-story World Trade Center, now rising, says Balk, "like a tombstone over the tip of downtown Manhattan." The twin towers are being built by the quasi-public Port of New York Authority, which is tax-exempt but will make a token payment for city services...
...table tennis team comprised the world's most improbable-and most naive-group of diplomats. The group was led by Graham B. Steenhoven, 59, a bespectacled, graying Chrysler personnel supervisor who is president of the 3,000-member U.S. Table Tennis Association; Rufford Harrison, 40, a soft-spoken Du Pont chemist from Wilmington, Del.; Tim Boggan, a Long Island University assistant professor; Jack Howard, 36, an IBM programmer, and George Buben of Detroit, who took along his wife. The male players, besides Howard, were Glenn Cowan, a longhaired student from Santa Monica, Calif.; John Tannehill, 19, a psychology major...
...seen Hadrian's Wall between Scotland and England, but it's just a pebble by comparison." Back in the capital, the visitors were taken to Tsinghua University, where Cowan and the younger players broke off to play table tennis with some of the students. Steenhoven, the Chrysler man, was invited to drive a truck that had been built almost entirely by the students. "I complimented them on the quality of the chrome, the bead of the arc welding, and the high-quality workmanship," he said. "I drove the truck very badly, I'm afraid, partly because...