Word: wheels
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Dates: during 1970-1979
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...Leading Detroit's bad news bears again is Chrysler. Fears of buying a car from a company that may go bankrupt and a temporary halt in the rebate campaign combined to sink sales by 44.5% in early November. Chrysler has yard-long waiting lists for the popular front-wheel-drive Omni and Horizon models but cannot make them fast enough...
...putting a Concord compact body on a four-wheel Jeep-like drive train, the company has produced a new car that gets about 16 m.p.g. and sells for some $7,000. Name: the Eagle. It rides easily, stops quickly on icy roads, and is designed for doctors, firemen, people who drive snowplows and others in rough climes. AMC planned to build 50,000 in this model year, but reception has been so strong that there is talk of aiming toward...
...bailout plan comes with strict conditions attached, and it must also be approved by Congress, which will probably go along but may attach further limitations. Even so, the news cheered Chrysler's management, which is counting on a line of fuel-efficient, front-wheel-drive cars due to appear next year to spearhead a reversal of the company's decade-long slide and return it to solid profitability by 1981. Said lacocca after the Administration's announcement: "It's a vote of confidence we needed." Added Auto Workers Chief Douglas Fraser, who is joining Chrysler...
...precisely defined the ingredients necessary for a society to generate innovation. Historian Barbara Tuchman notes that the 12th and 13th centuries enjoyed "one of civilization's great bursts of development," with the introduction of the compass, the spinning wheel and the windmill. Mid-19th century Europe and the U.S. enjoyed similar explosions. But why? Perhaps necessity is indeed the mother of invention, and the demands of the current energy and environmental crises may yet revive the spirit of the Yankee tinkerer...
...cars, swung a deal with Renault, the French-owned automaker, that should help it cope with the expected demand for small, gas-stingy cars. AMC will get $150 million from Renault, $50 million in credits, and the rights to build the French company's newly designed front-wheel-drive car starting in 1982. The U.S. firm would thus have an entry to challenge General Motors' X-body compact cars, which are now being marketed, and the new models that Ford and Chrysler are expected to put into dealers' showrooms. Said AMC Vice President Wilson Sick: "We just...