Word: motorized
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Dates: during 1980-1989
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Chrysler Chairman Lee lacocca is now making a bid to expand the company's shrunken dealer base. lacocca, a former president of Ford Motor Co., is even trying to persuade GM and Ford dealers to display Chrysler models alongside their own. He is gambling that his models will outdo the competition and that he can eventually take over some franchises. One St. Joseph, Mo., dealer who has been affiliated with Ford for 24 years is now outselling Fords with Chryslers by 3 to 1 off his showroom floor...
...shipped into the country this year. As coke experts like to point out, if all the international dealers who supply the drug to the U.S. market-not even including the retailers-were to form a single corporation, it would probably rank seventh on the FORTUNE 500 list, between Ford Motor Co. ($37 billion in revenue) and Gulf Oil Corp. ($26.5 billion). Last year street sales of cocaine, by far the most expensive drug on the market, reached an estimated $30 billion in the U.S. (Sales of marijuana, the runner-up and still the most widely used illicit drug, amounted...
...talked past midnight, sat in the deck chairs on the sundeck of the "Busted Flush" with the starry April sky overhead, talked quietly, and listened to the night. Creak and sigh of the waves against pilings, muted motor, noises of the fans and generators and pumps aboard the work boats and the play toys...
After Japan's surrender in World War II, Mitsubishi Heavy Industries of Tokyo moved from the production of warplanes to the manufacture of motor vehicles. At the same time, an ambitious young Mitsubishi engineer named Teruo Tojo was shifting over from work on the firm's famed Zero fighter plane to the design of buses and trucks for peacetime. As things turned out, the switch from planes to cars proved a smart one for all concerned. Mitsubishi Motors Corp., now a subsidiary of MHI, has become Japan's fourth largest automaker (fiscal 1980 sales: $5.2 billion...
Meanwhile, Tojo is confident that his company will prosper. Widely regarded for its engineering expertise, Mitsubishi offers 30 different types of vehicles, ranging from buses to Jeeps. In 1975, it introduced a kind of car motor that reduced fuel consumption by as much as 20%. The company also offers a sound-reduction system with its engines that cuts car noises and vibration by 8%. Such innovations bolster the firm's reputation for engineering. Says Tojo: "We have in our company enough technology to cope with whatever Detroit might come up with in the future...