Word: spurs
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Dates: during 1980-1989
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...American market inched up, to 10%. So far this year the industry is doing only slightly better. Through February, sales were running at an annual rate of 6 million cars. All of the Big Three are offering customers cut-rate financing of 11.9% in an effort to spur sales. Chrysler's decision last month to cut prices by offering rebates of $300 to $ 1,000 to cash buyers is expected to set off another round of price competition, one that manufacturers say they can ill afford...
...discourage consumption, but lacocca knows it would help Chrysler sell its new cars, which have been designed to go farther on less gas than their U.S. competitors. Chrysler's fleet averages 27.5 m.p.g., vs. 24.3 for Ford and 24.1 for GM. If falling oil prices spur a demand for old-fashioned big cars, Chrysler will hurt the worst. Says lacocca: "What's happening with gasoline is wacko. It's crazy. We needed to slap at least a quarter on the pump so that people didn't get into dirty habits and start buying those rear-wheel-drive New Yorkers like...
...major candidates have proposed sharply contrasting remedies. Since taking office last October after the collapse of Social Democratic Chancellor Helmut Schmidt's coalition, Kohl has tried to trim the federal deficit (projected at $18.5 billion for 1983) while offering tax incentives to spur new investment. Vogel has pledged to undo Kohl's reforms, and called for a $.3.5 billion program to create jobs. He has also suggested that the work week be reduced from 40 to 35 hours with no cut in pay. Vogel's program has alarmed businessmen, who fear that his proposals would increase labor...
This is all good news for most of the world's population. Secretary of State George Shultz called it "the economic story of the year" in congressional testimony, and added later in the week that it would help spur the world's economic recovery. Treasury Secretary Donald Regan predicted that the cuts will create "more winners than losers...
...crowd was bigger and louder than last year, and I was pleased to see a lot of men there," Owens said. She used a megaphone to spur the crowd on during the march...