Word: reared
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...what way are they new? Rear Admiral Frank Kelso, director of the Navy's Strategic Submarine Division, was summoned to explain. The Trident II will carry a more advanced missile, he said, but otherwise "it's the same submarine." The expected cost of building all 15 Tridents, far from declining sharply, has risen $2.7 billion, to $31.1 billion, an increase of 9.5% in only three months...
Maybe so. But at the moment OPEC is clinging to the rear bumper, and market forces are dragging the group down the road. Because of slumping demand for oil, OPEC'S production has plummeted from 30.6 million bbl. per day in 1979 to a current rate of 14 million. Unless demand snaps back sharply, the target ceiling of 17.5 million bbl. per day will be irrelevant. Even after last week's reduction in the bench-mark price, many oil buyers still balked. Said Barry Good, senior oil industry analyst with the Morgan Stanley investment firm: "I have...
...indulging the passionate American love affair with the automobile. He combined a knowledge of an automobile's innards with a shrewd, almost intuitive sense of what car buyers wanted. He stripped the plain-Jane body off Ford's dowdy Falcon and replaced it with a long-hood, short-rear-deck configuration called the Mustang that in 1964 set a record for automobile sales by a first-year model (418,000). Four years later he reached into Ford's spare-parts bin again and launched the limousine-like Continental Mark III on a Thunderbird chassis...
...heeled automakers can still afford to crank up entirely new designs when they are needed. Admits lacocca: "We have to say, 'Do you want vanilla or chocolate?' GM says, 'Do you want vanilla, chocolate or strawberry?' " Later this year, for example, Ford will roll out its replacement for the rear-wheel-drive Ford Fairmont/Mercury Zephyr, known as the Tempo/Topaz. The totally new designs will have front-wheel drive and aerodynamic styling for greater fuel economy, advances that would have been impossible with Ford's old models...
...spur a demand for old-fashioned big cars, Chrysler will hurt the worst. Says lacocca: "What's happening with gasoline is wacko. It's crazy. We needed to slap at least a quarter on the pump so that people didn't get into dirty habits and start buying those rear-wheel-drive New Yorkers like they were going out of style...