Word: motor
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Dates: during 1980-1989
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Less than a month after Hyundai Motor America introduced the $4,995 subcompact Excel, the first South Korean-made car to enter the U.S. market, company officials have discovered a problem that could result in complete brake failure. During routine predelivery checks, Hyundai inspectors found that a critical pin was improperly installed in the braking system of three cars. Though no accidents have been reported, the company took no chances. Moving fast, Hyundai executives last week voluntarily recalled all the 4,400 Excels sold in the U.S. Owners were promised free inspections and repairs by Hyundai dealers...
Nevertheless, the boycott is an embarrassment for the city that is home to the Ford Motor Co., the fourth-largest corporation in the U.S. and one praised for its vigorous hiring and promotion of black rank-and-file workers and executives, including many who commute to Dearborn daily. The campaign has received some visible support from the Detroit police department, which pulled out of a crime-prevention convention last week because it was held in Dearborn. Several other organizations, including an education group and a black sorority, have canceled or are considering calling off events in Dearborn...
...second time in his highly visible career, Iacocca had been canned. The previous occasion was when Henry Ford II tossed him out of the presidency of the Ford Motor Co. in 1978 with no more explanation than "Sometimes you just don't like somebody." At his Detroit press conference last week, Iacocca first quipped, "I've got to stop getting fired like this." The Chrysler boss then insisted flatly that there had been no conflict between his two Statue of Liberty jobs. He said that he had first taken the commission post in 1982 at the urging of then Secretary...
...case gleaned from the prosecutors' files involved one of their own. Last August, Jefferson County (Colo.) District Attorney Nolan Brown was convicted of computer crime, forgery and abuse of public records in a ticket- fixing case. Hoping to reduce his automobile-insurance rates, Brown had asked a motor vehicle bureau employee to delete a pair of speeding tickets from the department's computer system. He was sentenced to five days in jail, fined $2,000, placed on four years' probation and ordered to perform 200 hours of community service. He also resigned. Thus Brown lost a $73,000-a-year...
...year-old Maxxum is attracting rivals. Last week Nippon Kogaku (est. fiscal-1985 sales: $940 million), the maker of Nikon, became the first firm to announce a comparable alternative to Minolta's pioneering model. Like the Maxxum, the Nikon N2020 will use two microchips and a tiny motor inside the camera to focus automatically. The camera, which will be priced at about $460 for the body alone when it arrives in U.S. stores in April, will include an optional converter to make it compatible with the company's existing line of 35-mm lenses, some 15 million of which have...