Word: renaults
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...husband would not give up their apartment on the 43rd floor of a Gold Coast highrise and would spend only an occasional night at their Cabrini-Green digs. Yet the move also won wide praise. "This takes a lot of guts," said Chicago Housing Authority Board Member Renault Robinson, who is black. "If this works, the mayor's political stock in the black community will rise 100%." Claims Byrne: "I'm not doing this for votes. Whoever says that should take the next apartment." Many residents of the Cabrini-Green project seem pleased. Says Annie Olden...
France and Italy, on the other hand, have stringent import restrictions that have prevented the Japanese from capturing more than 3% of the local markets. The success of its economical R-5 (known as Le Car in the U.S.) helped France's Renault to increase sales last year by 11%. Italy's Fiat expanded its share of the local market from 50.9% to 52.3%, despite weak demand for its larger models and intermittent strikes that reduced production in September...
dropped 19.1% in November. The company has sent letters to stockholders warning that it could go bankrupt if they do not approve next week a plan for French-owned Renault to acquire as much as 59% of the company. Even if the deal is accepted, AMC faces at least three years of heavy losses before a new line of Renault-designed cars can be built at AMC's U.S. plant in Kenosha...
...pressing forward. In January Fujitsu Fanuc will open a new $38 million plant in which robots will work 24 hours a day to produce more robots (100 a month). "The danger in letting Japan get so far ahead," says Paul Gosset, who helped develop robots for France's Renault, "is that they may end up being the ones who make the modules and parts that go into everyone else's robots...
Frost's simplistic assertion that public equals inefficient equals bad is contradicted by the experiences of Volkswagen and Renault. These two government-run (German and French, respectively) automobile firms have turned handsome profits and sold many cars in British Leyland's own market by investing wisely in new capital and research and development. Putting the blame for Britain's problems on government spending alone is cloud-cuckoo emotionalism and bad economics. It wins elections but doesn't run countries. According to Mr. Frost, only Mrs. Thatcher's strong stands on such questions as immigration and law and order--the sort...