Word: renault
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France's state-owned Régie Nationale des Usines Renault has put $350 million into AMC since 1979, and now controls 46% of the company. Having paid the piper, Renault seems determined to call the tune. Two weeks ago, Gerald C. Meyers stepped down from his post as AMC's chairman and chief executive officer. Former AMC President W. Paul Tippett Jr., 49, will become chairman, and José J. Dedeurwaerder, who formerly ran one of Renault's major plants in France, is the new president. Wags in Detroit are already referring to AMC as Franco...
...financial moves and wage concessions should enable AMC to stay on track with plans to introduce this fall a make-or-break American version of the highly successful Renault 9. That subcompact made its debut last year in Europe under the direction of Dedeurwaerder...
...Renault is unlikely to back away now from its commitment to AMC. Renault needs the American firm's manufacturing and distribution facilities to compete in the U.S., which has become the key theater in an automotive battle that carmakers are waging around the world. Says Arvid Jouppi, a Detroit-based automobile industry analyst: "The great prize for Renault is to become one of the surviving world companies. If they lost North America, they would immediately be out of the big league. They realize, as do the Japanese, that the American market is a pearl without price...
FICTION: The Age of Wonders, Aharon Appelfeld ∙ A Flag for Sunrise, Robert Stone ∙ Funeral Games, Mary Renault ∙ The Hotel New Hampshire, John Irving ∙ Memoirs of a Space Traveler, Stanislaw Lem ∙ Rabbit Is Rich, John Updike
...tests pass with high marks-he estimates 75%-but the blood sport is watching the advertisers turn into bozos when Horowitz can't wipe the scrawl off the Sherwin-Williams paint job, when three dozen eggs (out of 14 dozen) don't survive a drive in a Renault and when eleven shoppers out of eleven pass over margarine for the high-priced spread...