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Reigning champion of the new breed is New York City's Victor Potamkin, who last year sold $722 million worth of cars, including 3% of Cadillac's production line. Potamkin will not sell competing makes in the same store, but his 29-dealership empire, spanning the East Coast, has a total of ten different brands. In Denver, Leo Payne sells cars built by GM, Ford, Chrysler, AMC, Volkswagen, Volvo, Daimler-Benz, Subaru and Nissan. San Francisco's Martin Swig explains the megadealer's credo: "I don't care where a car comes from as long as it meets the needs...
...wife Seon Kyung, 35, respectively a mechanical engineer and a nurse, arrived from South Korea in 1974 to live with Nam's brother in Michigan. Nam pumped gas for the first year, saving enough to open his own filling station, then a body shop, then a used-car dealership. His wife, meanwhile, started a jewelry store. In 1979 the Nams sold their businesses and set out for Los Angeles, where Nam attended dry-cleaning school and within six months made a $20,000 down payment on a store. That has since expanded to a chain of five dry-cleaning outlets...
...both ordinary and exemplary. All were men who ranged in age from early 20s to mid-60s. Aside from the three crew members, the group included an architect, a travel agent, a retired truck driver, a real estate developer and two priests. One man owned a sports-car dealership, another a business called Window Covers to Go. Three were returning from their honeymoons; others were going home to family reunions or graduations. If the passengers from Flight 847 had anything in common, it was probably a gnawing feeling shared by all: How did this ever happen...
...technologies and new business and management systems so advanced they don't exist anywhere in the world, not even in Japan." The four-cylinder car will be built in preassembled sections on highly automated lines. It will deliver 45 m.p.g. on city streets and be sold through its own dealership network...
...customers with extra features at no additional charge. For example, BMW's 735i model, with a base price of $36,880, this year includes a larger engine and a more advanced braking system. "Normally, a redesigned car model would go up 8%," says Stephen Houston, sales manager at a dealership in Santa Monica, Calif. "But you can buy a 1985 BMW with more features for roughly the same price as a 1984 model...