Word: motoring
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...Lions played the Washington Redskins in the first round of the N.F.L. playoffs, Detroit sportscasters suggested throwing the football game. "Let's not rile Washington any more," cautioned one radio announcer. "We need a win in Congress more than we need a win for the Lions." The Motor City has got neither. With unemployment at 20% overall, and nearly 35% for blacks, Mayor Coleman Young last month declared a "hunger emergency." City agencies estimate that as many as one-third of the city's 1.2 million residents go to bed hungry every night. The Federal Government sent...
Last April Ren Cen's owner, Ford Motor Land Development, announced that it was selling the center for $500 million. But the buyers, Chicago Lawyer Theodore Netzky and two partners, failed to raise money to close the deal and are still looking for investors. The mortgage holders, four insurance companies and Ford Motor Credit Co., are meeting to consider options other than foreclosure...
...year's end, however, Chrysler shares had gunned ahead to 17¾, and the warrant was trading at 9⅛, a 630% rise. Chrysler's stock, up 426%, was the second best on the exchange. Shares of other automakers also fared well: American Motors and Ford Motor Co. more than doubled, and General Motors rose 62%, from...
...eyes of some, Japanese automakers will stop at nothing in their efforts to win a larger share of the U.S. market. So when Toyota Motor Sales, U.S.A., donated 25 trucks to the County of Los Angeles as the first step in a nationwide program of gifts to nonprofit organizations to mark the company's 25th year, it provoked some unusual reactions. While no one wanted to appear to be giving aid and comfort to the archenemy of U.S. automakers by thanking the Japanese profusely, no one wanted to be accused of turning down 25 free trucks for the county...
...counter of the Anchor Bar, a shadowy grease pit midway between the offices of the Detroit News and the rival Free Press, where journalists mingle in the legendary camaraderie of the trade, a Free Press employee looks up at rows of photographs of Motor City reporters, lawmen and politicians and says, "I think you have to be dead to be up there." That is certainly true of one picture; it shows a building that once housed the Detroit Times, a Hearst daily that shut down in 1960 and threw the city's two surviving papers into a decades-long...