Word: reports
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Dates: during 1970-1979
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...prove that Chrysler can be brought back to financial health and is thus eminently deserving of federal aid. The document outlines a five-year strategy. Although President Lee lacocca had said earlier that Chrysler's third-quarter deficit would be "at least double" the $207 million that it reported for the second quarter, bringing the cumulative red ink for the year to about $800 million, the report projected that the total 1979 loss would come to a truly scary $1.073 billion on revenues of $12.4 billion. The company expects to lose another $482 million next year, then move back...
...even with the bank borrowings lined up by Chairman John Riccardo and cost-cutting measures that have already saved $650 million, Chrysler will still face a cash shortage of $2.1 billion between now and 1982. The company has "some confidence," the report says, that it can raise $900 million, probably through further sales of assets and some breaks on wages, prices, and loans from its unions, suppliers and banks. But the remaining $1.2 billion will have to come from the Government in the form of an immediate loan guarantee of $500 million and a $700 million "contingency" loan guarantee because...
...buttress the pitch for Government aid, the report features a somewhat lurid accounting of what would happen if the company went bankrupt. The total cost to the nation, Chrysler says, would be $16 billion. Some 400,000 workers could not only lose their jobs, but they could also remain unemployed long enough to require unemployment benefits totaling $1.5 billion. As many as 35,000 workers, most of whom are black, could be laid off in Detroit alone. Yet these estimates seem exaggerated, because it is highly unlikely that the company would ever shut down totally. At worst some plants would...
...report also suggests that burdened as it is with the high costs of meeting Government regulation and its own indebtedness, Chrysler is not a realistic candidate for merger. As lacocca protested earlier last week, "Nobody's asked...
Tracing McIlroy's hospital visits was obviously a labor of love for Neurologist C.A. Pallis of Hammersmith Hospital and Rheumatologist A.N. Bamji of Middlesex Hospital. In their report to the British Medical Journal, they meticulously listed the 22 surnames and eight first names used in various combinations by Mcllroy in registering at different hospitals. (Mcllroy was identified by the description in clinical records of his scars and other physical characteristics.) The names of all the hospitals and the number of admittances to each were also faithfully recorded...