Word: motorized
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Dates: during 1980-1989
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...autoworkers have been laid off. Last year 672 car dealers went out of business, and the number may rise in 1980. One reason is that dealers are being crushed by the high cost of borrowing to maintain the inventories of unsold cars that they do have. Ford Motor Co. Economist John Deaver figures that dealers have to pay more than $100 a month in interest charges for every car in their lots...
Around the horseshoe-shaped table in the board room on the twelfth floor of the Ford Motor Co. headquarters in Dearborn, Mich., last week, 18 normally staid directors gave out three loud hurrahs. The first was for Henry Ford II, who retired after nearly 35 years as the company's boss and was succeeded as chairman by Philip Caldwell, 60. The second was for Donald Petersen, 53, who replaced Caldwell as president. The third was for the automaker's acquittal that same day in Winamac, Ind., on unprecedented criminal charges of reckless homicide in the deaths of three...
...unanimous. A relieved Neal said he hoped the verdict would "discourage prosecutions like this in the future." But some legal experts doubt that it will. They believe that the publicity may encourage prosecutors elsewhere to bring similar cases. Said Cosentino: "I would hope that the fact that Ford Motor Co. had to come to Winamac, Ind., and defend itself on a criminal charge would put all large corporations on notice. Corporations have to be responsible citizens; they cannot pollute our waters, pollute our atmosphere or put out a defective product that can be fatal...
Mortimer said Mobil, Exxon, General Electric and Chase Manhattan have contributed to the scholarship fund. She added that other corporations, including General Motors and the Ford Motor Corporation, have pledged their support...
...became the first black to be appointed consultant in poetry to the Library of Congress; of a heart attack; in Ann Arbor, Mich. Hayden's work evoked a heroic sense of the black American past, whether his subject was a powerful personality like Frederick Douglass, the Motor City ghetto of his youth or such physical relics of slavery as the old factory he describes in his 1979 volume American Journal: "[In] the tidy ruins of a sugar mill./ More than cane was crushed. But I am tired today of history, its patina'd cliches of endless evil...