Word: jeep
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Dates: during 1960-1969
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...inspection at the first International Electric Vehicle Symposium in Phoenix, Ariz. Some of the models were familiar Volkswagens and Renaults, converted to run on battery power. Others were brand new and strange-looking. General Electric unveiled its squat, three-door "Delta," which looks like a stylized descendant of the Jeep. Not to be outdone, Westinghouse showed off a sleek "Lotus Europa" sports car. Ford had a streamlined "Lead Wedge" that has whirred across Utah's salt flats at 138 m.p.h. Two Japanese electric cars were on display along with a British minicar costing about $1,000 and already...
...Israeli army Jeep screeched up to a United Nations post overlooking the Suez Canal one day last week, and four dust-covered riders dashed up to the shell-pocked building. While sniper fire whined, the team picked up an election ballot from the lone Israeli soldier assigned to the U.N. outpost...
...sale, which must be approved by both companies' boards and by AMC's shareholders, immediately raised the question of who was swallowing whom. American will pay about $86 million in cash, notes and stock for Kaiser Jeep Corp. The deal will make Kaiser Industries the largest single shareholder in AMC, with 22% ownership and two seats on the 14-man board. But there was no evidence that Kaiser intends to add the auto company to its empire of steel, cement, aluminum and chemical companies (total assets: $624 million). The suspicion in Detroit was that two old friends, Edgar...
...Dealers. The combination of AMC and Jeep is so natural that both companies have considered it for seven years; they finally agreed when the price was right. The two companies are partners in a new auto plant in Iran; they are also affiliated in Argentina, where AMC uses Jeep engines, and in Mexico, where Jeep buys its engines from American. American will take over Kaiser's auto plants in 34 countries, acquire a new line for its 2,400 dealers at home, and likely gain much-needed recruits among Jeep's 1,600 dealers, some of whom will...
...Jeep deal was typical of American's growth-minded aggressiveness since Chairman Chapin and President William V. Luneburg took over in 1967. At that time, AMC's future seemed so shaky that its creditors, a consortium of 24 banks headed by Chase Manhattan, examined the books every ten days. The new chiefs sold AMC's finance subsidiary and Kelvinator Appliance to pay some of the debts, trimmed costs by $20 million annually to cut the breakeven point from 343,000 to 250,000 cars a year, and last year turned a profit...