Word: chryslers
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...time when a global oversupply of vessels had sent shipping rates plummeting. It fell to C.H., the eldest son, to announce in August 1985 that the company could not repay $2.68 billion in debt to some 200 banks. Thus ensued history's third largest corporate bailout, after the Chrysler and Lockheed rescues...
...Chrysler's Prowler, the only American entry in the class--a convertible designed to hot-wire the Plymouth brand's low-watt image. Tom Gale, the Chrysler design chief who oversaw the $35,000 two-seater, says with a smile, "I remember when I was a kid thinking that convertibles were faster than other cars...
Detroit, which for a decade fought air bags as being too expensive, now objects just as strenuously to disconnecting them. "The bottom line is that air bags in conjunction with seat belts save lives," says Chrysler spokesman Jason Vines. Concurs Lou Camp, the director of safety and engineering standards at Ford: "We believe that if the case for air bags is presented to customers properly, very few will choose to have them disconnected...
...same time, carmakers enthusiastically endorsed the proposal to power down air bags, which reflected industry recommendations. Vines noted that Chrysler is already developing slower-speed air bags and expects to have them ready for the 1998 model year. "Every automaker in the world has come out in favor of depowering air bags," he says...
...popular former State Senator, Stabenow poses a decent challenge to incumbent Dick Chrysler. She is a moderate, and emphasizes her work on behalf of business. As a Michigan legislator, she sponsored an amendment that scrapped the state's old property-tax system and led to a tax cut, and in the early 1990s she helped strengthen Michigan's drunk-driving laws...