Word: malibu
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...decade, GM's car sales dropped off by nearly 2 million vehicles, or 40% of its 1985 volume, a loss that was only partly cushioned by a 21% rise in truck sales. Management made poor, even inexplicable, choices. For instance, in 1983 the company suspended production of the Chevrolet Malibu, the country's favorite family car and one of its all-time best sellers, totaling more than 6.5 million cars in a 20-year run. A year later, Ford claimed that turf with the Taurus. In the next 10 years, Chevrolet and Pontiac sales slid 37%, Cadillac's 42%, Buick...
This year Mr. Sloan would have been pleased. From Chevrolet there is the powerful silhouette of the first new Corvette in 13 years and the return of the once popular Malibu family sedan with both headroom and horsepower to spare. From Oldsmobile there is the Intrigue, a new nameplate for an elegantly tailored four-door sedan that, its chief designer says, "looks like a car dressed in a Chanel suit." From Pontiac, there is a two-tone macho minivan for suburbanites who still lust for the fast lane. From Saturn, the EV1, a noiseless, all-aluminum electric vehicle. From Cadillac...
They built it--The New School of Public Policy at Pepperdine University, sometimes known as Baywatch U for its Malibu setting--and he will come. Not in August, as he promised, but as soon as independent counsel Kenneth Starr can get rid of the pesky job of investigating the President and First Lady...
...White House's biggest victory last week was delivered by its nemesis, independent counsel Starr. On Monday, Pepperdine University in Malibu, California, announced that it had hired Starr to be dean of its law and public-policy schools starting in August. That surprise cheered the White House and infuriated Republicans, many of whom had hoped Starr could slowly undo the Clintons' grip on power with a string of indictments in the Whitewater affair later this year. Starr insisted that the investigation would go on without him, but well-placed sources noted that without the cooperation of Hubbell, Hillary's former...
...poised at Disney, he sewed up the purchase of the Dancing Bear Ranch in Aspen for $5.5 million. The 500-plus acres are near Disney chairman Michael Eisner's home, although presumably they won't be vacationing together as they have in the past. In Malibu, California, Ovitz is buying a few acres of property on a seaside bluff, a $5 million parcel belonging to Motown mogul Berry Gordy. Malibu property has a distressing habit of sliding into the sea or turning into charcoal, yet this particular purchase caused great chagrin to Ovitz's former Creative Artists partner Ron Meyer...