Word: pacer
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Dates: during 1970-1979
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...rested its survival strategy on what Chairman Gerald Meyers calls a "three-legged stool" of small cars, Jeeps and steady Government contracts for postal vehicles and military tactical trucks. Since 1974, AMC's line-up of cars has shrunk from six to three: Concord, Spirit and Pacer. While analysts say that they are not making money, the high-profit Jeep continues to rake it in. There was some sales softness earlier in the year because of its fuel thirst, but the Jeep rebounded strongly in September and October...
...Freshman pacer Darlene Beckford captured last night's other honor, as Hunt presented her with the "Outstanding Performer Award...
DIED. Max Conrad, 76, the "flying grandfather" who set six distance and endurance records in the air; in his sleep; in Summit, NJ. In 1950, to visit his wife and their nine children in Europe, Conrad soloed in a tiny Piper Pacer from New York to Geneva. Hooked by the fame that followed, he made nearly 200 transoceanic flights in small planes...
...Matador, have in fact started fast. But unfortunately for the company, Concord is not all that different; it faces stiff competition from the Ford Fairmont, Chrysler's Dodge Aspen and General Motors' Chevy Nova. And Meyers' optimism reminds skeptical Detroiters of the company's early exuberance about the glassy Pacer, whose sales in 1975, the year of introduction, really did hit 100,000?and then almost stopped. Whether Concord can keep up its initial success will go far to determine if Meyers remains the head of an auto company, or becomes the chief of the first U.S. carmaker...
...Pacer--The prominent member of a group of racing afficionados who sets the pace for beer consumption...