Word: motoring
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...protesters will also ignore the issue of U.S.-Soviet trade and the role played by American corporations in providing Moscow with the military technology used to subjugate the Soviet Union's neighbors and threaten American national security. The Ford Motor Company constructed an automobile plant at Gorkii which produces motors for the T-72 tank, the workhouse of the Soviet army in Afghanistan. Swindell-Dressler helped build the Kama River Truck plant which also produces vehicles used by the Red Army in Afghanistan. The Bryant Chucking Grinder Company of Vermont sold the Kremlin the ball bearings without which the construction...
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...
...marked up its price tags by an average of 7% since the beginning of the year. A Toyota Cressida now costs $17,480, up 11.4% from $15,690. In the same period, the price of a Honda Accord LX has increased by 17%, to $12,469. Last week Nissan Motor U.S.A. announced price hikes of about 3% on some of its 1986 cars and trucks...
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...