Word: plants
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Dates: during 1980-1989
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...steep price to pay for a company that lost $91 million last year on sales of $3.5 billion. But Iacocca has coveted several valuable AMC assets. Among them: AMC's popular Jeep division, which sold a record 207,514 vehicles last year; a new Renault auto-assembly plant in Canada built for $340 million but now worth an estimated $800 million; and AMC-Renault's 1,472 North American dealerships...
...entered when it first signed a joint marketing agreement with AMC in 1979. The timing of the retreat is peculiar. AMC is about to introduce a new midsize sedan, the Premier, in October. The car, expected to sell for around $12,000, will still be built at the Canadian plant that Renault has now agreed to sell to Chrysler. This month Renault has begun exporting to the U.S. a new $10,000 compact, the Medallion, which Chrysler would continue to market. In addition, a new $30,000 Renault sports car, the Alpine, is due to appear in the fall...
...local 5,000-acre blueberry farm. Its products are now sold under the Native American Foods label in New York City gourmet shops. After the farm venture, the Indians bought other enterprises on or near their reservations, including two radio stations, an ice-skating arena, a fish-processing plant and factories that turn out audiocassettes and prefabricated homes...
Their biggest investment, though, was off the reservation. With an assist from Tribal Assets, the Passamaquoddies paid $16 million for New England's largest cement factory, the Dragon Cement plant in Thomaston, Me. Explains Zilkha: "The Indians want to upgrade their position in society as well as make money." One of their proudest moments came when a group of them toured their new factory. Says former Passamaquoddy Council Chairman John Stevens: "We almost couldn't believe the huge buildings. So many people working for us, calling us 'sir.' It was overwhelming...
...exertions. A score went to a Sioux reservation in South Dakota to do painting, tiling and light carpentry at a Y.M.C.A. center; a dozen arrived in Juarez, Mexico, to help build a "serviglesia," a church to serve the poor; another twelve headed for Appalachia's "Valley of Despair" to plant fir trees and work on construction and furniture-building projects. Says Vanderbilt Senior Ethel Johnson, 21, who stayed in Nashville with another team sowing gardens, making curtains and teaching English in a community of Cambodian refugees: "Students are vastly underestimated. They have a real desire to get out there...