Word: seconds
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Dates: during 1970-1979
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...front of it to promote his city of Veracruz had something to do with athletics too. As mayor, he is known to his constituents as Roberto Avila González, 53. But a larger body of sports buffs remember him as Bobby Avila, who 20 years ago played second base for the Cleveland Indians when the Indians had more chiefs than they do these days. Avila in ten years with Cleveland appeared in three All-Star games and in 1954 won the American League batting championship with an average of .341. Take that, oldtimers...
With memories of long gasoline lines still fresh, the earnings reported by many od companies last week could hardly be expected to be greeted by cheers. All told, the industry had its best second quarter ever. Profits of the 23 biggest U.S. firms totaled $5.47 billion, a rise of 66% over the same period last year. Among the five large international companies, Texaco's earnings leaped by 132% to $365 million. Earnings of the others: Exxon, up 20% to $830 million; Mobil, up 38% to $404 million; Socal, up 61% to $412 million; and Gulf...
...Volkswagen's sprawling headquarters in Wolfsburg, Chairman Toni Schmücker and his top aides are pondering a major question: Should the West German automaker build a second plant in the U.S.? A final decision is expected by year's end, and the early signs point toward a definite ja. A team of Volkswagen experts is already studying possible sites; the new plant would be an assembly operation that would put together the popular, front-wheel drive Rabbits and would probably be on the West Coast...
...case for a second factory is strong. For one thing, Americans are buying small fuel-efficient autos at a faster pace than ever. Since the onset of the gasoline squeeze at the pump last spring, foreign imports have steadily expanded their share of the U.S. auto market, and in May accounted for a record 24.3% of all cars sold. During the first six months of this year, while sales of U.S. autos fell 7.9% below last year's level, forcing the carmakers to cut back production and lay off workers, foreign automakers sold 14.7% more cars. Volkswagen...
Even in the unlikely event it decides against a second American plant, Volkswagen, which is engaged in a threeyear, $3.2 billion expansion program that is the largest in its history, has already budgeted about $640 million to build an engine plant in Mexico and to increase production at the Pennsylvania plant from the present 800 autos per day to 1,040 by 1981 . Schmücker's strategy is eventually to make the North American operation 90% self-sufficient, with only transmissions supplied from German plants...