Word: chryslers
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Dates: during 1970-1979
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WASHINGTON--The Carter Administration yesterday urged Congress to approve $1.5 billion in loan guarantees for the financially troubled Chrysler Corporation...
Analysts believe that Chrysler would be forced into bankruptcy without larger loan guarantees. Treasury Secretary G. William Miller said yesterday. Chrysler is the nation's third largest automobile manufacturer...
...labyrinth of Government regulation has not only shifted research from new products to the "defensive research" necessary to comply with burgeoning environmental and safety rules, but has also increased the cost of bringing out new developments. Says Chrysler Chairman Lee lacocca: "I never invent anything any more. Everything I do is to meet a law." In the early '60s it cost $1 million and took up to five years to bring a drug through the Federal Drug Administration's regulatory maze. It now costs $18 million and can take ten years. As a result, the number...
...credits, and the rights to build the French company's newly designed front-wheel-drive car starting in 1982. The U.S. firm would thus have an entry to challenge General Motors' X-body compact cars, which are now being marketed, and the new models that Ford and Chrysler are expected to put into dealers' showrooms. Said AMC Vice President Wilson Sick: "We just couldn't stay in the passenger-car business and meet the federal standards [for pollution control and gas mileage]. But Renault has the technology, it has an excellent product...
...turn, by 1985 Renault will get a 22.5% interest in a company that, after teetering on the edge of disaster on and off for 25 years, is staging a modest rally, mainly because of the popularity of its reliable Jeep. In the nine months ended June 30, while Chrysler was sinking deeper into debt, AMC made a profit of $73.3 million, compared with $10.7 million in the same period a year earlier...