Word: quarters
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Dates: during 1970-1979
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...This strategy will have to include sacrifices by everybody with an interest in saving the company: management, stockholders, employees, bankers and suppliers. Only such an effort can ease the Chrysler crisis. The long troubled company lost $204.6 million last year but topped that in this year's second quarter alone, when it ran $207.1 million in the red. Faced with the possibility of a shattering loss of more than $500 million for 1979, Chairman Riccardo held out the hand for $1 billion in federal...
Early last week evidence of the company's woes increased. Chrysler announced that another 4,600 workers had been laid off, bringing the total to 23,800, nearly a quarter of its normal blue-collar force. Chrysler also reported that, partly to save money, it was pulling out of a proposed joint venture with a Taiwan company to produce trucks. And lacocca disclosed that the company was considering dramatic cash rebates to customers of up to $500 a car; the aim would be to clear its staggering factory stockpile of nearly 80,000 unsold vehicles, valued at just under...
...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 and 15% at General Motors. GM and Ford, being bigger, are better able to withstand downturn. Also, they normally manufacture cars only after dealers order them; alone among the Big Three, Chrysler until recently produced autos essentially on speculation and then tried to market them to dealers. Because its dealers...
...chapter on solar energy, written by Modesto A. Maidique, a business school assistant professor, is unabashedly bullish: "Given reasonable incentives, we believe that solar could provide between a fifth and a quarter of the nation's energy requirements by the turn of the century." The Harvard researchers have adopted the Department of Energy's extremely broad definition of solar to include not only power from the sun's rays but also hydropower and energy derived from the burning of "biomass," which includes wood, plants and other organic matter. The chapter's supposition is that rising costs...
That disregard for the rules, that same off-you lunge for the heart of the melody, makes David Johansen, 29, the prodigious rocker that he is and makes In Style the streamlined scorcher of the year. Ten full-tilt rock tunes that give no quarter. Stand back; this man's a monster...