Word: riccardo
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...pressure on its chairman, Lynn Townsend. Vacationing in Hawaii last month, Townsend decided that at 56 he had struggled with the problems of the nation's third largest automaker long enough. Last week he turned over the wheel to his hand-picked successor, John Riccardo...
Like Townsend, Riccardo is a former accountant (both came into Chrysler from the auditing firm of Touche Ross) who has a reputation for being a cold-blooded cost cutter. Riccardo's replacement as president will be Executive Vice President Eugene Cafiero, 49, an affable, up-from-the-ranks production expert and the first member of Chrysler's top management since the early 1950s with a strong automotive background. Both men have won high marks for their performance at Chrysler so far: directors took just six minutes last week to approve their promotions...
...Even so, Riccardo and Cafiero face some tough decisions of their own if they are to make Chrysler consistently profitable. They will need to further revamp its product line, which is currently top-heavy with models that have sold poorly in spite of cash rebates. But the company has far less money than either GM or Ford to spend on developing new models. Its share of the new-car market has fallen to 15% now from 19% five years ago, mainly because, according to critics, Chrysler has paid too much attention to engineering and bookkeeping and not enough to figuring...
Their dancing continued to gain in strength and grace. By the time they arrived at the showy display of Riccardo Drigo's Harlequinade, Panov's springy jeté and Galina's whirlwind fouettes (whipping one-leg turns) were evidence enough that for them the two years had been stopped time, not lost time...
...compacts, the Plymouth Duster and Dodge Dart. Says Townsend: "We have been reducing the number of models we make and increasing the commonality of parts." Chrysler once used up to 60 different window regulators in its cars; now the number is down to five. According to Chrysler President John Riccardo, "The new program means longer production runs for each model and fewer parts to stock in plants and dealerships...