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...front-wheel-drive transmission on the 1966 Oldsmobile Toronado, and in the 1970s he was the leader in one of GM's biggest breakthroughs: the catalytic converter, a revolutionary antipollution device. Stempel has been groomed well for the chairman's post, having served as head of several divisions: Chevrolet, Pontiac, GM's Adam Opel subsidiary in Europe and the Buick-Oldsmobile-Cadillac group. He has never held a job in the finance department...

Author: /time Magazine | Title: The New Boss: A Car Guy | 10/29/1990 | See Source »

...charge: controlling a labor union and rigging $143 million worth of contracts for windows in public housing since 1978. The Mob is not taking this act of betrayal lying down, but Savino may. Two weeks ago, a gasoline bomb was found on the seat of his wife's Pontiac Grand Prix in their Brooklyn driveway...

Author: /time Magazine | Title: Organized Crime: The Underworld Is Their Oyster | 9/3/1990 | See Source »

...Wallace likes to take the car for a spin on a Sunday afternoon. But Wallace is hardly your typical Sunday driver out on a jaunt in the countryside. Helmeted, buckled up and clad in a fireproof jumpsuit, he averages about 150 m.p.h. in his 670-horsepower gold-on-black Pontiac and is usually hotly pursued by a roaring pack of heavily decaled Chevys, Fords and Chryslers. A Wallace outing, in short, is like a scene from the current Tom Cruise movie about stock-car racing, Days of Thunder. And no wonder: Wallace is the world-champion stock-car driver...

Author: /time Magazine | Title: Sport: Real-Life Days of Thunder | 7/30/1990 | See Source »

...tailored suits and some suspected of sporting golf-course tans. Big black limousines waited with motors purring. Five Lincolns, two Chryslers, an estimated $200,000 on the rubber, not including drivers -- all courtesy of the beleaguered budget. Massachusetts' Silvio Conte settled behind the wheel of his own flame red Pontiac GTO convertible, top down, and roared back up Pennsylvania Avenue. The logo on the back fender read THE JUDGE. Message there. These arguments over the people's money are destined to be long and bitter, but there is every evidence that no matter which side wins this case, the taxpayers...

Author: /time Magazine | Title: The Presidency: What, This Crowd Worry? | 5/28/1990 | See Source »

...area, productivity, is the company seriously lagging behind its Asian rivals.) Why, then, has North American GM failed to import more of Opel's technology and know-how? GM executives in Europe tend to shrug at the question and point to the occasional instance of cooperation. Most notable: the Pontiac LeMans, which is in effect an Opel Kadett built in South Korea by Daewoo and shipped to the U.S. "I wouldn't rule out the use of Opel strategically, let's say if we needed a small car in the U.S.," says John Smith Jr., who as president...

Author: /time Magazine | Title: Two Sides of a Giant: General Motors | 2/19/1990 | See Source »

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