Word: pontiacs
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...week drew to an end, bargaining on a new contract continued at the Royal York Hotel in Toronto. For GM, time is critical. Production has been halted on three Pontiac models produced solely in Canada: the 6000, Grand Prix and Bonneville. GM concedes that Canadian-made parts are already in short supply at nine U.S. assembly plants, and shutdowns in those operations could come as early as this week. For want of a sun visor, a whole car can be lost, and the strike may soon begin costing GM $30 million a week. -By Alexander L. Taylor III. Reported...
...PONTIAC, Mich.--Boston's Larry Bird scored 10 of his 33 points in the fourth quarter last night to lead the Celtics to a 130-123 National Basketball Association victory over the Detroit Pistons in the season opener for both teams...
...Pontiac, Mich...
...work lost for its members. The selective strike, allegedly authorized by the U.A.W. because of pressing local grievances, originally affected only 13 facilities, employing 62,700 workers. By no coincidence those plants turn out nearly half of GM's total production, including such hot-selling models as the Pontiac Fiero and Buick Century. But as the selective strike continued last week, more and more workers began to feel the impact of the partial walkout. At its peak, the strike affected 40 plants and 110,000 workers, one-third of GM's blue-collar work force...
...U.A.W. walkout would hurt the industrial states of the Rust Bowl. Despite attempts to diversify into new industries, Michigan, Ohio, Indiana and Missouri are still heavily dependent on the auto industry. Michigan factory towns like Pontiac and Flint, now enduring unemployment rates of 18.8% and 12.4%, respectively, could suffer an economic earthquake. Steel, rubber and glass producers could lose their biggest customer. GM, for example, buys about 10% of all the steel produced in the U.S. Sales in stores and restaurants are likely to slip when striking workers stay home, and tax revenues will slide...