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...granted tax incentives to encourage foreign firms already in Argentina to expand their operations and new ones to set up plants. So far, the response has been positive. Ford plans to spend $160 million on expansion of its plant located in a suburb of the capital. Volkswagen intends to invest $100 million to expand the plant it bought from Chrysler. Martínez de Hoz also relaxed Argentina's ultranationalist laws banning foreign oil companies from participating in petroleum exploration. In response, foreign firms have spent at least $400 million on the search for oil. Result: Argentina will become...

Author: /time Magazine | Title: Business: Dr. Joe's Miracle Cure | 7/7/1980 | See Source »

Runaway prices remain Martínez de Hoz's most pressing problem. Rents in Buenos Aires range from $1,500 to $6,000 for modern three-bedroom apartments. A new Brazilian-made Volkswagen fetches $16,000, and a Japanese color television set costs at least...

Author: /time Magazine | Title: Business: Dr. Joe's Miracle Cure | 7/7/1980 | See Source »

...black mourning and political demonstrations-and the government banned all ceremonies. Inevitably, that action provoked blacks into acts of defiance. Buses were overturned, shops burned and cars stoned in the black townships. Seven thousand black workers went on strike in Port Elizabeth, shutting down ten companies, including a Volkswagen factory and a Ford plant. At Volkswagen, black leaders combined political protests with demands for an 80% increase in the minimum hourly wage...

Author: /time Magazine | Title: SOUTH AFRICA: Nights of Rage and Gunfire | 6/30/1980 | See Source »

...THEME of man seeking his own death weaves its way subtly through this nasty plot. Jack Torrance is a man who has always allowed his drinking and his temper to overwhelm his reason, a man who sets his own roadblocks and then tries to run them in a battered Volkswagen. He stands as a crazy metaphor for the world in Kubrick's eyes: the rational progress we make always seems to be a step behind the torture we inflict on the earth and the nuclear apocalypse we plan for. In the end, we will be limping after the future, bloody...

Author: By David Frankel, | Title: A Night in Shining Horror | 6/23/1980 | See Source »

...wait. What was that bright yellow contraption whining softly on New York City's streets last week? It was a Volkswagen Rabbit powered not by a gasoline-drinking internal-combustion engine, but by a zinc-chloride "Electric Engine" developed by Gulf & Western Industries. The G & W power system, unveiled with much fanfare, is the latest step toward the return of the volts wagon. With gasoline heading toward $1.50 per gal., with the nation bent on reducing imports of OPEC oil, and with cleaner air high on Washington's list of priorities, the electric vehicle, or EV for short...

Author: /time Magazine | Title: Science: Volts Wagon Does It, Again | 6/16/1980 | See Source »

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