Word: gm
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Semon ("Bunkie") Knudsen once articulated his work ethic in those words, and Detroit veterans recalled them when he surprisingly was passed over for the presidency of General Motors in 1968. Sure enough, Knudsen has since found plenty of jobs. He shifted from executive vice president of GM to president of Ford Motor Co., but lost that position after a power struggle with Lee Iacocca, the current president. Then Knudsen founded Rectrans Inc. to produce mobile homes, only to sell out in 1971 to Cleveland's White Motor Corp. Part of the deal was that he would become chairman...
...where credit was becoming difficult to raise. He quickly had to arrange a $290 million line of credit, as he says, "just to keep the company afloat." All but a few of White's high executives had left; to replace them, Knudsen recruited from the senior ranks of GM, Chrysler, Ford, Borg Warner, Sperry Rand and W.R. Grace. Then he consolidated the company's many truck lines, which were engaged in a debilitating competition against each other. After selling off Diamond Reo, he pulled together the four remaining lines-Autocar, White, White Freightliner and White Western Star -under...
...fuel. All this reduces pollutant gases. The EPA tests revealed that the new engine is rather large for a small car like the Civic, and it burns about 20% more gas per mile than the smaller engines in other autos of the same weight. In bigger cars like GM's Vega, however, the Honda engines gave better than average mileage in the EPA tests. The principles of the CVCC engine have been known for years, but little effort was made to apply them because of technical difficulties. Having apparently solved them, Honda has applied for 230 patents...
...doubt Afro, and other radical groups, will continue to all for divestiture of such stocks or for votes, acceptable to them in proxy fights like Campaign GM of a few years back. But if student response to Afro's strike call after the Southern University killings two weeks ago is any indicator, they will probably carry little weight with the Administration...
...photography, cosmetics and soft drinks. Conversely, shares of companies in cyclical industries?in which profits fluctuate widely?usually sell at a low multiple because buyers must put up with considerable uncertainty about the future. In the auto industry, Ford sells at a humble nine times earnings, and even mighty GM commands a P/E of only 11. Other industries in which ratios are low include steel and textiles...