Word: motoring
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...gentle hills east of Cologne -4,300 miles from Hinsdale-the people of Rösrath (pop. 21,000) are also enjoying the good life. The commuters include middle-management executives at the large Ford Motor Co. plant, professors at Cologne's famous university, and chemical engineers who work at the massive refineries near the city. About 30% of the families earn more than $21,000 per year-a cut above the average for the typical German suburb. Nonetheless, a lingering frugality engendered by the war years pervades Rösrath and makes the residents far more energy-conscious...
Last week "Motor Mouth" was in overdrive. First he said that Americans should not get "all paranoid" about "a few Communists [in Africa], even a few thousand Communists." Then, asked if he thought the South African government was "illegitimate," he replied with a breezy "Yeah." In Pretoria, the U.S. ambassador was immediately summoned for an explanation. In Washington, a State Department spokesman formally repudiated the remark...
Like his grandfather, Henry Ford II is not a man to share power. As he often reminds his subordinates, "My name is on the building" of the Ford Motor Co. headquarters in Dearborn, Mich. Still, Chairman Henry, who will turn 60 in September, is in something less than the best of health (he has had heart trouble) and cannot readily sight anyone bearing the family name to take over the running of the world's second-largest automaker. So, last week he announced that he will be joined in a three-man "office of the chief executive...
...sister and two brothers have shown little interest. That leaves Son Edsel, 28, now a Ford executive in the Boston area. But Henry says that Edsel is "a good ten years away" from even a vice presidency. Reminded that he himself was 28 when he took over Ford Motor in 1945, Henry grinned and observed, "Times have changed...
...appears to enhance Caldwell's position in the interim and blunt lacocca's rise, at least for now. When Henry is in Washington touting his views on energy legislation and emission standards to Congress and President Carter (he was an early Carter supporter), Caldwell will run Ford Motor. Only if Caldwell is unavailable will lacocca take over. lacocca fathered the phenomenally successful Mustang in the 1960s and has long hungered to be the first non-Ford to head the company since its founding in 1903. But his stiletto style and jungle-fighting tactics have earned him many enemies...