Word: fording
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Dates: during 1980-1989
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...Motors assembly plants in the third quarter will be the lowest of any July-September period in 19 years, Chrysler's the smallest in a decade. While none of the automakers are scheduling long-term shutdowns, many workers are being idled for the first time since the last recession. Ford, which has run continuous overtime for the past five years, announced layoffs at Escort plants in Edison, N.J., and Wayne, Mich., and will temporarily close Taurus and Sable assembly plants in Chicago and Atlanta...
...feel a pressing need for new cars," says Arvid Jouppi, who follows the industry for Keane Securities in Detroit. The boom has flooded the market with used cars, which are now selling at a steep discount, making them a more attractive alternative to new models. A two-year- old Ford Tempo, for example, sells for $3,500 less than...
...downturn began, Japanese manufacturers have made even greater inroads than in healthy times. Honda, Toyota, Nissan and Mazda posted higher sales and gains in U.S. market share in the first half of 1989, largely at the expense of European imports, Chrysler and GM. Of the Big Three, only Ford managed to raise its market share, because its sales slump has been smaller than that of its rivals...
...diverse people as Al Haig, a presidential contender who last year could not contain his contempt for Bush, and Cy Vance and Ed Muskie, both Secretaries of State for Jimmy Carter. "Our differences are minimal," confesses James Schlesinger, the clear-eyed Cabinet officer fired for candor by both Jerry Ford and Jimmy Carter...
...Ford Foundation Professor of International Security Joseph S. Nye Jr, for example, served as deputy undersecretary of state in the Carter administration and as an advisor on national security affairs for the presidential campaign of Gov. Michael S. Dukakis. Nye, the author ofNuclear Ethics, teaches a popular Core course on international relations from ancient Greece to the cold...