Word: volvo
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Dates: during 1980-1989
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...return to Harvard in September should be a welcome relief after Washington's grueling pace. Feldstein usually gets up at 6:15 and drives his 1976 Volvo from the family's rented town house in Georgetown to his office in the Old Executive Office Building. He is rarely on the cocktail-party circuit. Says his wife Kathleen: "We only go to places where we can really talk to people...
...Rather's broadcast. CBS is a little worried, however, about competition from PBS's MacNeil/Lehrer Report, which will expand to an hour on Sept. 5 and will run opposite network news in many cities. Said a CBS official: "Right now, we have the pointy-headed intellectuals and Volvo drivers. But if MacNeil/Lehrer starts doing better, more graphic television, it may win some of those viewers...
...have been developing few new jobs, and unemployment in Western Europe has gone from about 3% to 11% since 1970. In roughly the past decade the number of jobs in the European Community has risen only .5%, in contrast to 15% in the U.S. Says Pehr Gyllenhammar, president of Volvo, the Swedish car manufacturer: "Europe has grave problems-no growth, more people without jobs, little investment and sluggish productivity. Europe is not creating new resources, but is declining under the pressure of increased competition. When things are dying, we do not let them die any more. Companies...
Kain, who was attending the Volvo Masters tournament, said Borg has not completely ruled out returning to the court in 1984 or later...
...Volvo intends to control its sales growth in the U.S. by limiting the number of cars it exports. Says Gyllenhammar: "If we try to react too quickly to styles and trends, we lose our honesty. We have stayed away from putting green fur covers on the seats because someone says he might like green fur seats." If volume continues to increase, however, one option is to open the U.S. assembly plant that Volvo built in Chesapeake, Va., but decided in 1974 not to operate. Whether an American-made Volvo would diminish the Swedish mystique, only those loyal and affluent buyers...