Word: chryslers
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This disagreement between CR and Chrysler underscores the difference between objective tests and predictions that are based on a sample of subjective responses (how serious, for example, is a "serious" problem?). And what about products that do not perform tasks, like automobiles or dishwashers, but are rather made to be ingested, e la orange juice, which is featured in the February 1995 issue of CR? Isn't one person's ambrosia another person's pig swill? "We have a standard of what is good orange juice," says CR spokeswoman Rana Arons. Tasters attempt to quantify attributes such as "sweet...
...billion, twice what the company made in 1993. TIME Detroit reporter Joe Szczesny notes that while the earnings are very good news, they are not quite what GM insiders had expected. "GM is now making an average profit of $100 a car in North America, " he says. "Chrysler is making ten times as much. GM still has a long way to go in matching the competition for efficiency...
...plants assemble cars on which GM is banking heavily, such as the Chevy Lumina and Pontiac Firebird, as well as the popular Chevy Suburban and Blazer sports utility vehicles, says TIME Detroit bureau chief William McWhirter. If the strike continues into next week, the slowdown will spread to Chrysler and Ford -- further putting pressure on GM to settle the strike. But McWhirter does not expect it to go that far. "Both sides are negotiating in good faith," McWhirter says. "This is not going to be the match that lights up a huge labor confrontation...
...Chrysler Neon. Forget those small American cars that developed a reputation as tinny, tacky and powerless. Detroit's new subcompacts are stylish, drivable and affordable too, none more so than this remarkably popular little Chrysler (average price: $13,000). Most striking are its aggressive lines, responsive handling and tops-in-class acceleration (zero to 60 m.p.h. in 8.4 sec.). Originally intended for young drivers, the surprisingly roomy Neon now sits in the driveways of nearly 175,000 value- minded consumers of all ages, proving that these days good things really do come in small packages...
...consumers but corporations, many of which have been reaping huge profits after slashing their payrolls and other costs. Just last week PepsiCo said its third-quarter earnings rose 18% over those of a year ago, to $541 million. Motorola's profits surged 50% to $380 million. Chrysler topped both those gains with profits of $651 million, which represents an increase of 54%. Such news helped spark a rally on Wall Street that lifted the Dow Jones industrial average 55 points in a single day and 113 points for the week...