Word: tires
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This will add up to the largest tire recall in history, and the company estimates that it will cost up to $230 million - or twice as much as last year's earnings. That may be an inflated estimate, but in any case, Firestone will be able to deduct the expense from its income taxes...
...classic corporate public relations fiasco for Firestone - and a number of personal tragedies for others. Complaints on the 500s started rolling in several years ago. In July the NHTSA recommended that Firestone recall all the 500s still on the road. The company, which had continued producing some of the tires until early this year, refused. Recent information released by NHTSA suggested that 41 deaths and 65 injuries were connected with 500-series tire failures. While the evidence seemed conclusive, Firestone argued all along that no specific defects in the tire had ever been proved...
...tiled bathrooms, two mechanics' bays and a battery of U-Haul trailers for rent. Most of the cast had never heard of Evanston, much less the A & A, until they found themselves waylaid outside town by a steaming radiator, broken drive shaft, clogged fuel pump or flat tire, and brought here. Usually they are towed in by Jon Lunsford, 40, soft-spoken Mormon and "the Boss," or by his ace mechanic, Cliff Cole, 36, a chain-smoking drinker-turned-teetotaler, who likes to explain that he's "been working on cars for 40 years...
...invested a total of $1.5 billion in South Africa, and they are the chief purveyors of its modern technology and consumer goods. Ford, South Africa's biggest automaker (1977 sales: 42,874 vehicles), and GM together account for 26% of the automotive market. Goodyear, General and Firestone dominate tire sales; Exxon, Mobil and Caltex are leaders at the fuel pumps. Kellogg's cereals are found on 40% of South Africa's breakfast tables, and Otis elevators convey riders in two of every five office buildings. IBM enjoys a near monopoly in data processing, challenged only by Control...
...five men strolled so casually toward their getaway car that the tower guard assumed they were departing visitors. But on the next day the fugitives' car had a flat tire. Marine Sergeant John F. Lyons, 24, heading from his home in Yuma, Ariz., to visit relatives in Nebraska, stopped to help. Lyons, his wife Donnelda, 24, and their 22-month-old son Christopher were all shot to death. A niece of the Lyons, Teresa Tyson, 16 (no kin to the Tisons), was wounded in the hip and was later found in the desert, having bled to death...