Word: seaters
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This is the first major setback for PBA, which was founded in 1949 by Van Arsdale's father. He started out with flights in a four-seater plane from Boston to Provincetown, a resort community on the northern tip of Cape Cod. Three years later he opened up a Florida operation, based in Naples, to keep his planes busy during the winter. In 1980 Van Arsdale retired and turned over the successful company to his sons John, 40, and Peter, 36, who is currently president. The two siblings took off on an ambitious growth program that has expanded...
...billion). The largest automaker currently has 43.1% of the U.S. market. GM brought out its completely redesigned Corvette (suggested retail price: $23,835). "It can compete with anything in the world," boasts Robert Lund, GM vice president for sales and marketing. This month the company introduced its two-seater, the mid-engine Pontiac Fiero ($8,000-$ 11,000). Transmission problems have delayed the arrival of GM's new full-size Cadiliac de Ville and Buick Electra until early next year...
...ballyhoo the two-seater sports car they will introduce this month, Pontiac executives summoned the press to a sneak preview in a cavernous auto plant. At the climax of the meeting, officials did not show off the car. Instead, they unfurled a banner displaying the result of their hard work. FIERO, it said, revealing the auto's name, which is Italian for "proud." It was no small disclosure. Detroit carmakers spend millions of dollars each year dreaming up prospective auto names, and they risk much more when they finally choose...
Ford has still more changes coming in its showrooms. Due out this fall is a new Lincoln Mark VII, the replacement for the heavy, clumsy-looking Mark VI. Meanwhile, the company is dropping the Mercury LN7 model, a sporty two-seater car that was introduced in 1981. Says Ford President Donald Petersen: "A car has to fulfill its promise. The LN7 didn't. It was damned disappointing...
...April a couple were married while circling above California's Santa Monica mountains, scrunched down with the minister in a single-engine Beechcraft Sierra. The rest of the wedding party, including the mother of the bride and the maid of honor, flew alongside in a second Beechcraft four-seater, then-faces grimacing merrily and soundlessly in the little windows...