Word: volkswagen
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...University of Puget Sound, young women who superficially resembled one another (long brown or blond hair, parted in the middle) began to disappear. Only the skeletons of some were found. Police had one small bit of evidence to go on: a young man named Ted, who drove a Volkswagen "Beetle," often showed up shortly before the women vanished...
...them during the middle ten days of June. At Chrysler, sales of Dodge Aspens are down 30% for the year. The company's hottest autos are the subcompact Dodge Omni and Plymouth Horizon (up 55%). Yet production of these models is limited because their engines are supplied by Volkswagen, and the number is fixed at 300,000 for the year...
...episode was touched off by an article in the Detroit-based weekly Automotive News, the bible of the U.S. auto industry. It asserted that Volkswagen's directors had approved a takeover bid that would pay $15 a share for Chrysler stock...
...notion of a Chrysler-Volkswagen combination seemed plausible, at least superficially, because of the ties that exist between the companies. They are currently renewing a contract under which Volkswagen has been supplying 300,000 engines annually for Chrysler's Omni and Horizon subcompacts, its only two brisk sellers. The two companies also have jointly run an auto plant in Brazil, and Volkswagen makes its popular American Rabbits in a Pennsylvania plant that once belonged to Chrysler...
...takeover could be highly beneficial for Chrysler, which is struggling under a $50.6 million short-term debt. The company urgently needs infusions of fresh capital to modernize old plants and increase its output of small gas-sipping models. But a Chrysler deal would make little sense for Volkswagen, which has just regained its old momentum after a long period of drift, during which Japanese automakers zipped past it in many major markets. Detroit executives point out that Volkswagen, which is the most firmly established foreign automaker in the U.S., does not need Chrysler's dealer network or antiquated plants...