Word: forded
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Dates: during 1980-1989
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Chrysler led the Big Three with a 21.7% increase last year, to 841,622 cars. Ford, which sold 1.57 million autos, climbed 16.8%. General Motors' sales of 4.05 million cars showed a gain of 15.3%. But the biggest improvement was made by American Motors on the strength of its highly successful Alliance subcompact. AMC sold 193,351 autos in 1983, a 72% increase over 1982. Last week American
Chairmen of the board at General Motors tend to be bland organization types. Though they command a vast $60 billion industrial empire that controls more than 60% of the U.S. automobile market, none in recent decades has had the public impact of Henry Ford II or Lee lacocca. Three years ago, when Roger B. Smith, a 5-ft. 9-in., red-haired man with a squeaky voice, moved into the walnut-veneered chairman's office on the 14th floor of the General Motors building in Detroit, he was expected to blend into the woodwork. Smith had joined...
SOCIAL SCIENTISTS await the opening of Presidential libraries with excitement, because each one--even Gerald Ford's--organizes and unveils important documents and mementos previously kept from view. But the hype surrounding the Ronald Wilson Reagan's collection promises to be unprecedented. For although such museums typically include a President's private memoranda, it's hard to believe Reagan owns enough such documents to back the many assertions he has made with seeming disregard for fact...
...thing for Ford, as a human being, to forgive Nixon, but another for Ford, as President of the U.S., to grant a pardon, thus short-circuiting the judicial process. Says Father Robert Friday, professor of religion and religious education at the Catholic University of America: "Forgiveness doesn't mean that you become some sort of a wimp and forgive without some kind of demand. We are responsible for what we have done." Jesuit Theologian Avery Dulles agrees: "For the ordering of society, there should still be justice. Restraint and punishment are necessary even for forgiveness...
Some of Kirby's decisions have paid off spectacularly. Over a period of three years beginning in 1979, Capital Guardian bought 10 million shares of Ford Motor, even though the price of the stock was diving from the 40s to a low of 16. Says Kirby: "We took a lot of flak from clients for buying a stock that was headed south." But when Ford bounced back to the low 60s last year, Capital Guardian earned a $300 million windfall. Sometimes it takes as much nerve to "argue with the market," observes Kirby, as it does to climb behind...