Word: chrysler
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Dates: during 1970-1979
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...billion, making Taiwan America's eighth largest trading partner. Total foreign investment, mainly from the U.S. and Japan, is $2 billion. Though some of this dates back to the 1950s, about $500 million has been invested so far in 1979 alone. Some American companies, including Ford, Chrysler, Bechtel and Westinghouse, are plowing new money into Taiwan. At the end of 1978, Taiwan's foreign exchange reserves stood at $6.5 billion-not bad for a nation of only 17 million. Unemployment is a tiny 1.2% of the working population. Says Economic Affairs Minister Chang Kwang-shih: "I sense that...
...ahead of last year. Imports, mostly small and gas thrifty, are taking more than 22% of all sales, a record share. At the same time, sales of gas guzzlers are off so sharply that totals for U.S.-made cars in April ran 11.5% below a year earlier. Says Chrysler President Lee lacocca, assessing the sales performance of his company's large offerings: "The big-car industry is going down like a rock...
More skeptical, Detroit's automakers at first showed little interest in the Moodymobile. Chrysler President Lee Iacocca last week announced that he would like to meet Ralph Moody, while Ford Motor executives plan to hold talks with Shetley about supplying cars for further conversion experiments. General Motors sent the director of its new devices section to study...
...Local 174, which has 17,000 members, notes that the high cost of living would almost prevent a long walkout. Said he: "We can no longer strike over 50 for weeks on end." But if there is a strike, which company would be the target? Union representatives believe that Chrysler is too weak financially to weather a major stoppage. Ford was the target of the last strike, which lasted 28 days in 1976. So it might be General Motors' turn to take the heat...
...duty dodgers. But Detroit's Big Three also find it cheaper to manufacture their smaller pickups in Japan and import them. Last year these "captive" imports included 70,557 Ford Couriers, 67,035 Chevy Luvs for GM and more than 3,000 Dodge D50s and Plymouth Arrows for Chrysler...