Word: subcompacts
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Dates: during 1980-1989
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...prospect of the country's second largest conglomerate's shutting down indefinitely stirred Seoul into direct action. Hyundai produces the Excel, a subcompact popular in the U.S. and one of the most potent symbols of South Korea's economic coming of age. Though Chung denies that he caved in to government pressure, he admits that his initial refusal to negotiate was wrongheaded. "I thought they ((the union leaders)) were too young and inexperienced with company affairs to represent all the workers," says the 71-year-old Chung. "After I met with them personally, I found out I had been wrong...
Independent labor organizers took advantage of the new atmosphere to spark a series of work stoppages that reached new peaks last week. Assembly lines ground to a halt at the electronics giants, Samsung and Lucky-Goldstar. Earlier, Hyundai Motor Co., producer of the popular subcompact Excel, lost $24 million after it failed to ship 6,000 cars. Though the government is leaving the search for solutions to labor and management, it began to move against the violence prone, arresting two workers for destroying an auto-parts factory and three fishermen for wrecking equipment in a Pusan market. Warned Labor Minister...
...combination of cupidity, naivete and wickedness. Will Thomas be deposed? Will Peter escape and regain the throne? Will he successfully confront Flagg -- or will the wizard disappear with a hearty "Aiiiiyyyyyyyyeeeeee?" Devotees of the King assembly line want no surprises and will receive none. Those dissatisfied with this subcompact have only to wait a while for the next model. It ought to be along any minute...
...moment AMC's only car is the modest, economical Alliance subcompact (base price: $6,399), but Renault will soon supply two more upscale models: the Medallion, a $10,000 compact to be introduced in March, and the Alpine, a flashy $30,000 sports car that is due in September. AMC is pinning its highest hopes, though, on a pair of models designed by Giorgetto Giugiaro, the noted Italian auto stylist, which will be built at the new Canadian plant. They are the Premier, an intermediate-size sedan that will reach showrooms in October, and a sportier coupe, code-named...
...earning $2.50 an hour (vs. about $15 in Japan and $25 in the U.S.) benefit from a production boom largely of foreign inspiration. Daewoo, the nation's second largest automaker after Hyundai, is preparing to ship next year as many as 100,000 units annually of a new GM subcompact known as LeMans, to be sold through Pontiac. Daewoo is 50% owned by GM. Ford owns 10% of Kia, South Korea's third largest auto manufacturer...