Word: chryslers
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...Chrysler has set aside $115 million to repair door latches on its minivans, although it insists the latches are safe. The National Highway Traffic Safety Administration recently found that 28 people died in accidents when the latches failed...
TIME business reporter Tom Curry says analysts and portfolio managers are divided on whether Kerkorian's bid is credible. One portfolio manager whose funds own a large Chrysler stake told Curry that he believes Kerkorian's bid is for real: "I think he's trying to steal the company, which is what really successful investors...
...Former Chrysler Chairman Lee Iacocca wants his company back. He and billionaire investor Kirk Kerkorian are attempting to buy the No. 3 automaker for $22.8 billion. Their lavish, unsolicited $55 per share proposal -- more than 40 percent above yesterday's closing stock price -- would be the biggest U.S. corporate takeover since the $25 billion buyout of RJR Nabisco by Kohlberg Kravis Roberts in 1988. Today's surprise announcement boosted Chrysler stock and prompted Chairman Robert Eaton to scrap a scheduled New York auto show speech.TIME Detroit bureau chief William McWhirtersays Chrysler is well positioned to fight a takeover because...
...CHRYSLER CORP. Minivan door latches allegedly have habit of opening in crashes, inspiring recall
...golf, U.S. Presidents seem to lack that certain something-the word skill comes to mind. This was evident at the Indian Wells Country Club in California, scene of the annual Bob Hope Chrysler Classic, featuring pros and celebrity amateurs. GEORGE BUSH and GERALD FORD did their customary best-driving balls into the gallery. Bush set a new record, striking two onlookers (one of whom needed stitches). Ford, a bit off his game, hit only one bystander. BILL CLINTON managed to avoid felling any constituents, a sign that the Democrats' fortunes may at last be turning around...