Word: detroit
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Dates: during 1970-1979
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...meat has been held up by a truck shortage in Midwestern beef states like Iowa, Nebraska and Minnesota. In Detroit, Frederick & Herrud, a meat processor, was forced to shut down its hog-slaughtering facility and lay off 900 workers because no hogs were arriving. Normally the plant butchers 16,000 hogs a week. Other meat-plant workers were laid off in Iowa, Nebraska and Oklahoma...
...Fisk is not moping around the clubhouse too much. After facing Detroit last month, Fisk said, "Yeah, I batted like a limp fish today, but I'm not going to take it too hard, because the more you think about it, the more you will fall into a mental slump, and that leads to worse." Fisk also said that he will take his sore elbow through the season a "day at a time, because at this point I know its hurt, I don't really know how, and there's nothing I can do to make it better but take...
...that West Germany's largest auto firm was aiming to take over the U.S.'s deeply troubled No. 3 automaker immediately became the hottest non-news of the week. Even though the report was scoffed at by both parties concerned, the rapidity with which it ricocheted through Detroit and Wall Street testified to the atmosphere of anxiety that surrounds Chrysler, which is expected to lose at least $285 million, and possibly more, this year...
...episode was touched off by an article in the Detroit-based weekly Automotive News, the bible of the U.S. auto industry. It asserted that Volkswagen's directors had approved a takeover bid that would pay $15 a share for Chrysler stock...
...fresh capital to modernize old plants and increase its output of small gas-sipping models. But a Chrysler deal would make little sense for Volkswagen, which has just regained its old momentum after a long period of drift, during which Japanese automakers zipped past it in many major markets. Detroit executives point out that Volkswagen, which is the most firmly established foreign automaker in the U.S., does not need Chrysler's dealer network or antiquated plants. Most of all, VW does not need Chrysler's huge unsold inventory of big autos that could become the albatrosses...