Word: volvo
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Dates: during 1970-1979
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Late last week a brown Volvo rolled through the snowy streets of a Vermont ski village and stopped in front of a restaurant, where TIME Correspondent Marlin Levin was waiting. A hazel-eyed woman got out and greeted Levin with a manuscript. She was Natalya Solzhenitsyna, 37, wife of the famed Russian author and exiled dissident, Alexander Solzhenitsyn. With their three children (ages 6, 4 and 3) and her 14-year-old son, the Solzhenitsyns now live and work in Vermont. At TIME'S request, Mrs. Solzhenitsyna wrote about the families of Soviet dissidents and what can be done...
...Sweden's Volvo announced that it would become the first foreign auto manufacturer to build an assembly plant in the U.S.A site had been selected at Chesapeake, Va., to start production in the spring of 1977. But with that deadline at hand, Volvo has postponed start-up indefinitely, leaving Volkswagen as the only foreign carmaker with firm plans to assemble in the U.S., beginning in early...
What went wrong? The quick answer is that Volvo's car sales in the U.S. fell from a peak of 60,338 in 1975 to 43,887 last year, a decline of 27.3%. But that drop is only a symptom of a deeper problem that afflicts not only Volvo but all Swedish industry. Essentially, the welfare-state policies of the Swedish government are pushing labor costs so high as to price Swedish products out of the international market...
...note was found inside a Volvo parked on the isolated Tel Baruch Beach north of Tel Aviv. Inside the car was a .22-cal. revolver and the body of a man who had shot himself in the head after scribbling a final message to his wife and children, asking them to "accept this act with understanding." The victim: Avraham Ofer, 55, Housing Minister in Premier Yitzhak Rabin's government and a longtime Labor Party official...
...Volvo of Sweden, after scouting the U.S. for an assembly-plant site, chose Chesapeake, Va. The company will spend $150 million to build a factory that is scheduled to open in March 1977. Potential employment...