Word: motoring
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Power struggles are nothing new at Ford Motor Co., but the one that climaxed last week was a stunner. After weeks of futile maneuvering to save his job, Lee lacocca, 53, the harddriving, cigar-chomping president of the world's fourth largest manufacturing company, found himself quite bluntly sacked by his equally tough-minded boss, Chairman Henry Ford II. It was the culmination of months of behind-the-scenes quarreling between two of the auto industry's most respected-and often feared-executives. The end came for lacocca following a day of stormy meetings of the ten-member...
DIED. Ernest Robert Breech, 81, hard-driving executive who helped galvanize an ailing postwar Ford Motor Co.; following a heart attack; in Royal Oak, Mich. Son of a Missouri blacksmith, Breech showed a big-city flak for business management and a wizardry with figures that propelled him to the chairmanship of North American Aviation Inc. in the early 1930s. After Breech had vitalized the Bendix Aviation Corp, in a single year, a desperate Henry Ford n persuaded him to quarterback Ford's new management team. Breech arrived in 1946 to find what he called an "awkward and stumbling colossus...
Caroline and Philippe eventually won over the bride's parents. Whether they would vanquish the press was another matter. Caroline's 42-ft. catamaran, a wedding gift from her father, was ostentatiously brought to the harbor last week, and Rainier's motor yacht was given a fresh coat of paint. Perhaps these were diversionary tactics. Friends hinted that the couple might return to the Galápagos. If so, the archipelago that inspired Darwin will no doubt be overrun by one of the most curious creatures of all: genus scriptorum...
Chrysler ordered a canvass of its zone managers, service managers and dealers around the country. The results, says Jeffe: "Absolutely zilch. Not a single complaint from a customer about the handling of the car." Motor Trend Executive Editor Chuck Nerpel said that in tests run by his magazine, Omni-Horizon stood out as "an agile car." Consumers' Research, a rival of Consumers Union, tested the Omni-Horizon under normal road conditions, rather than on a special track; it passed...
Many key industries are now hunkering down for a long period of only modest growth. Toyota Motor Co., which expects to sell 550,000 vehicles in the U.S. this year, vs. 561,000 in 1977, recently announced a scenario for the future that includes plans for eventually reducing its present capacity by 30%. Some firms, like the Tokyo Juki Co., a medium-size machinery maker, have put a freeze on wage boosts...