Word: jaguars
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...still deep in trouble, but a new boss and a turn toward moderation by its fractious workers are strengthening its chances to stay in business. When the Labor government reluctantly agreed to take over nearly bankrupt British Leyland Motor Corp. in 1975, it publicly warned the maker of Jaguar, Morris, Triumph and Rover cars that it would not throw good money after bad. The price of government cash for new-car development and badly overdue plant modernization was to be an end to the constant bickering that has pitted unions against management and against each other. For two years...
...worth $900 million, and earned profits of $35 million. As of the first of the year, it had turned out 1,312 Mirage III and Mirage 5 jet fighters (of which two-thirds were exported). Its export sales of warplanes, including the Mirage F1, the Alpha Jet and the Jaguar (built jointly with the British Aircraft Corp.), are unsurpassed by any other European military-aircraft maker...
...hanging from his neck, and the Coyote T shirt bought at the Second Annual Hookers' Ball in Manhattan this year. The other major change: "The freedom to do things without regard to what they cost." The things include frequent trips abroad with his wife Monique, a twelve-cylinder Jaguar and a new-found taste for Laphroaig, a Scotch malt whisky that sells for $11 a fifth. "Five years ago," he says, "I didn't know what this stuff...
...Britain's 26 million workers appear dead set against an extension of wage restraint. Their unrest is illustrated by a wildcat strike of 3,000 toolmakers that has brought most auto production to a standstill at the plants of British Leyland, makers of Morris, Austin, Triumph, Rover, and Jaguar cars, and idled 33,000 workers. The toolmakers are striking over the erosion of their "differential"-the margin by which the wages of skilled workers exceed those of the less skilled. Since the social contract held all increases to a flat monetary standard and ruled out raises in Phase...
...offices or hangouts in 19 states. The only incident occurred in Kansas City, where one accused dealer slammed into an officer's car in a futile escape attempt. Some of the arrestees lived well indeed. In one $330,000 Beverly Hills home (which was complete with $25,000 Jaguar, $40,000 Rolls-Royce and swimming pool), agents found $125,000 in cash-testimony to the enormous profits of the drug trade...