Word: gie
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Dates: during 1980-1989
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...much does it cost to make a 10-minute phone call from Cambridge to New York City at 6 p.m., a weeknight? Allnet: 42.30 MCI: $2.21 AT&T: $2.62 SBS skyline: $ 2.70 First Phone Link Service: $1.64 GIE Sprint: $2.08 ITT: $1.96 US Telecommunications...
France's state-owned Régie Nationale des Usines Renault has put $350 million into AMC since 1979, and now controls 46% of the company. Having paid the piper, Renault seems determined to call the tune. Two weeks ago, Gerald C. Meyers stepped down from his post as AMC's chairman and chief executive officer. Former AMC President W. Paul Tippett Jr., 49, will become chairman, and José J. Dedeurwaerder, who formerly ran one of Renault's major plants in France, is the new president. Wags in Detroit are already referring to AMC as Franco...
...Washington is willing to prop up Chrysler, will Paris help salvage American Motors? Apparently so. Last week AMC and France's state-owned Régie Nationale des Usines Renault, Europe's fourth largest car company, unveiled a labyrinthine financial deal that amounts to a Big Money bailout of the weakest and smallest of the major U.S. automakers. The survival scheme, which the firms have been negotiating since July, would inject $500 million in cash into AMC. Also, the deal could wind up providing Renault, which already holds 5% of AMC's stock as a result...