Word: cutback
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American carmakers last week had one eye firmly fixed on the cashbox and the other on Japan. As the seemingly endless flood of auto company losses continued, the Reagan Administration finally won an agreement with the Japanese government for a "voluntary" cutback of up to three years in the number of autos exported to the U.S. Meanwhile, Detroit was preparing for this week's launching of the latest answer to sluggish auto sales and the Japanese imports: the General Motors J-cars...
According to intramural director Wilson, the number of spring contests and sports will be cut down to a more easily managed number this year. K-House intramural head Peter Beilenson reviewed his Houses's chances, saying that the cutback on the spring activities should "definitely" help Eliot and hurt Winthrop, while Kirkland would pick up points across the board...
...school system has signed a contract with the Yellow Cab Co. to provide transportation until the end of the school year. The only proposed solution to the shutdown: nearly halving the 43 routes to 22 and operating only from 7 a.m. to 7 p.m., weekdays, a 65% cutback in daily service...
After the 1980 strike, the MTA, already running $400 million in the red, raised the fare from 50? to 60?. Even without a cutback in federal funding, the price of a token could rise to $ 1 by summer. One survey shows that 50% of New York's riders would willingly pay the dollar if it would mean safer, more efficient service. But the higher fare is unlikely to bring any such improvements. Although the massive system would cost $55 billion to replace, only $300 million a year is being spent on rehabilitation and improvement, $700 million short of what...
...Japanese-made Datsuns and Toyotas, Mazdas and Hondas have been streaming through U.S. ports at the rate of some 6,000 vehicles a day. The import flood has given Japan 23% of the entire U.S. car market. General Motors Chairman Roger Smith last week urged a "short-term voluntary" cutback in imports and warned that the alternative was a trade war with Japan. In Washington and Tokyo the Reagan Administration and the government of Prime Minister Zenko Suzuki worked determinedly to settle the most festering trade issue the two countries have faced since World...