Word: riccardo
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Chrysler Corp. Chairman John Riccardo boasts that 25 years from now, when automen look back on 1978, they will remember it as the year in which his company introduced the Dodge Omni and Plymouth Horizon. The cars (or car -they are identical except for trim) are the first subcompacts to be made in the U.S. with front-wheel drive, and are supposedly the forerunners of a new generation of gas-stingy little autos that are surprisingly roomy inside and handle well. Early results seemed to justify Chrysler's optimism. Motor Trend, a magazine for auto buffs, named the Omni...
...harsh winter and lower than expected new-car sales early this year hurt all of Detroit's automakers, but none more than Chrysler, which once again is awash in red ink. Last week, his newly styled hair showing more gray than usual, Chairman John Riccardo announced his company's biggest first-quarter loss in its history: $119.8 million...
...squabbles in Washington over new emission and safety standards delayed plant changeovers and production startups. Though the tide has turned−sales of cars and trucks rose sharply in April−Chrysler expects an "unusually long" plant closing for a retooling this fall to neutralize the gains. Unsmilingly, Riccardo predicted: "The last nine months of the year will be a break-even period...
...Rockwell Jr., chairman of Rockwell International Corp., got $636,000 last year, an increase of 27% on a 17% profit gain. Reginald H. Jones, chairman of General Electric Co., received $687,000, a boost of 11%, reflecting a 17% profit rise. Chiefs taking pay cuts included John J. Riccardo, chairman of Chrysler. With company profits down 61%, he received $427,000, a 38% reduction from the year before...
...Riccardo Giacconi, professor of Astronomy, said yesterday he and others have researched a black hole named Cygnus X-1, which has a smaller mass than the alleged black hole observed last week...