Word: chrysler
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Dates: during 1970-1979
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Auto industry: General Motors (G.M.), Ford and Chrysler together control almost a third of the South African motor vehicle market, and provide cars and trucks to the South African government, police and army. The regime has required that 66 per cent, by weight, of all cars made in South Africa come from local plants. To meet this requirement, U.S. auto firms have established extensive production facilities in South Africa. Now, they even export parts from those plants to Europe and America...
There is no parallel in the history of broadcasting?and few in any well-established industries?to ABC's sudden rise. It is as if, in the space of two years, Chrysler had surged past General Motors and sent Ford reeling back to Dearborn. Or ?to stretch the truth only a bit?as if China had discovered some mysterious, all-powerful Z-bomb and in victorious glee ordered both the White House and the Kremlin dismantled and shipped, boards and nails, to Peking...
...much on the price of that company's stock as it used to be. Even in late 1976, the 30 stocks in the Dow Jones industrial average were selling at a price of 10.4 times earnings; the estimated price-earnings ratio for 1977 is less than eight. Avco, Chrysler and Rapid American shares are selling at only about three times earnings...
...ever happened to us." Prodded by Supreme Court decisions, the bar has belatedly begun backing group prepaid legal-service plans, Blue Shield-style arrangements that bring legal aid to middle-income citizens for a flat fee (the United Auto Workers, for instance, has installed such a system for its Chrysler workers). With some exceptions, bar groups have also pushed for expansion of Government legal-assistance programs for the poor (which incidentally employ more lawyers...
Buying Trends. There are signs that motorists are not overjoyed with this solution. GM officials conclude that when the company trimmed down its bigger cars this year, many buyers deserted to Ford and Chrysler. Now, with the whole industry downsizing, big-car addicts will find fewer alternatives...