Word: selz
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Dates: during 1980-1989
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...will be GM. With 1987 sales of $102 billion, GM remains 41% larger than Ford. Auto experts say GM could rebound sharply with its planned line of stylish front-wheel-drive cars called the GM- 10 series. "General Motors is waking up," says Auto Analyst Maryann Keller of Furman Selz Mager Dietz & Birney. "Ford is going to face tough competition in the 1990s...
Anxiety was especially high in Detroit, where automakers feared the crash could deal a new blow to car sales, which are already slumping. Maryann Keller, a prominent auto analyst with Furman Selz Mager Dietz & Birney, a Manhattan-based investment firm, predicted that U.S. sales of cars and trucks would fall about 15% next year, to 9.5 million vehicles. One reason for her gloomy forecast, she said, was that the loss of wealth caused by the stock- market decline would have a "significant effect on consumer confidence and the ability to spend...
Experts are divided on the company's chances for a recovery. Says a skeptical Maryann Keller, who follows the auto industry for Furman Selz, a Manhattan investment firm: "AMC has a habit of coming out with cars that are popular for a year and then just die away." Ronald Glantz of Montgomery Securities in San Francisco offers more hope: "There's a pretty good chance that AMC can make money, but a lot of things have to come together...
...penny-pinching moves have come just in time; criticism of GM's bloated size has been reaching a peak. Says one prominent critic, Maryann Keller, who follows the auto industry for the investment firm of Furman Selz Mager Dietz & Birney: "GM has done more to help itself in the last three months than it has in the last few years combined." But GM's Smith will have to cut costs even more dramatically if he hopes to quiet the company's sharp- tongued gadfly, H. Ross Perot, chairman of Dallas-based Electronic Data Systems. Perot, who joined the GM board...