Word: renault
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Dates: during 1980-1989
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American Motors Corp. has long seemed to be a wreck waiting to happen. Despite a $689 million infusion over the eight years from its French partner, Renault, AMC's performance has gone from bad to worse. Last year's sales of 77,005 down 41% from 1985, were the lowest in 30 years. As AMC piled up 1986 losses of about $90 million, it captured only .7% of the U.S. car market, trailing eight brands of imports as well as Detroit's Big Three...
...moment AMC's only car is the modest, economical Alliance subcompact (base price: $6,399), but Renault will soon supply two more upscale models: the Medallion, a $10,000 compact to be introduced in March, and the Alpine, a flashy $30,000 sports car that is due in September. AMC is pinning its highest hopes, though, on a pair of models designed by Giorgetto Giugiaro, the noted Italian auto stylist, which will be built at the new Canadian plant. They are the Premier, an intermediate-size sedan that will reach showrooms in October, and a sportier coupe, code-named...
...Middle East-connected bombings that killed eleven people in September, for all their horror, were different from, and far more limited than, the terrorism that plagued Italy for a decade, starting in the early 1970s. But the holdups and cold-blooded assassinations of symbolic targets like Georges Besse, the Renault auto- company president who was gunned down last November by the extreme-left terrorist group Action Directe, are beginning to resemble those of the Red Brigades...
...home-grown, radical leftist terrorist group that is committed to waging urban guerrilla war against "bourgeois imperialism." The tracts claimed responsibility for the shooting in the name of Action Directe "Commando Pierre Overney," a Maoist worker who was killed by police in 1972 during labor strife outside the main Renault factory in suburban Paris...
...Brigades terrorists and held hostage against the release of 13 imprisoned brigatisti, Italy was convulsed with shock and alarm. The ruling Christian Democratic Party took a hard line on negotiating for his release, and 54 days later Moro's dead body was found in the back of a red Renault...