Word: forde
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Dates: during 1980-1989
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...search for a new story treatment began last August, when Detroit Bureau Chief William Mitchell suggested a major story on the realignments at General Motors. The idea was well received, but the editors also wanted to discuss other aspects of the business: the success of Ford's new cars, for example, and Chrysler's latest strategies. Enter the Special Report, a two-page overview of the U.S. automobile market in 1986, followed by one-page stories on each of the Big Three. Mitchell provided the substance of the stories from Detroit by interviewing, among others, the chairmen of the three...
...more than a month, America's Ford and Italy's Fiat had waged a fervent campaign for the hand of Alfa Romeo, the prestigious but financially troubled maker of sleek sports cars. Last week the local swain won. I.R.I., the Italian state conglomerate that owns Milan-based Alfa, announced acceptance of Fiat's $5 billion offer for 100% ownership. Also-ran Ford's bid was never made public, but it was believed to include an initial $100 million for a 20% chunk of Alfa plus promises of a hefty $2 billion additional investment in the company...
Alfa Romeo is in bad shape, having lost an estimated $170 million last year. Even so, Ford had wanted to use Alfa's products to compete in the European and U.S. markets for luxury sports cars now dominated by such rivals as Mercedes- Benz and Jaguar. But Fiat was eager to protect its No. 1 position in Italy by keeping Alfa out of Ford's hands...
...Wars, U.S. involvement in Nicaragua, the failing farm economy and trade imbalances, there is no political polarization over these issues. In part because the election was not a referendum on Reagan, it turned out to be his most resounding political defeat since he lost the presidential nomination to Gerald Ford in 1976. The Democrats scored a sweeping victory in the Senate, where they replaced a 53-to-47 Republican majority with a 55-to-45 majority of their own. The Teflon President seemed to have Teflon coattails: of the 16 Republican Senators who rode into office on the Reagan wave...
...fine morning I was asked by my government if I would like to take this opportunity, and I gladly agreed," recalls Singh, who is sponsored both by his government and the Ford Foundation...