Word: owned
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Dates: during 1970-1979
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The company specializes in making larger cars, vans and recreational vehicles. Since the gas crisis started, sales of these relics have, in lacocca's words, "been dropping like a rock." In this year's second quarter, unit sales were down 28% at Chrysler, compared with 27% at Ford...
Since earlier this year, when the bond-rating agencies downgraded the company's credit and thus effectively prevented it from raising any further funds in the public markets, Chrysler has had to live off its own flesh and bone. Following earlier sales of some or all of its interests...
Still, Chrysler's working capital -the difference between current assets and current liabilities, which is one measure of its ability to pay its bills from its own resources-has dropped from an acceptable $1.1 billion early this year to a weak $800 million in June. The figure now is...
Since Chrysler, by its own reckoning, is now spending at a rate of about $100 million a month, guarantees for even $750 million in new debts (on which interest would have to be paid) will not go very far. Next year the company will have to repay or renegotiate $303...
In large part, the book is popular because fervid environmentalists can find in it justification for their thesis that nuclear power and coal are dirty, dangerous and unreliable, while solar energy and conservation are good and can provide the necessary energy. Yet the authors take pains to distance themselves from...