Automakers close 1985 with second best year profits
The big three automakers posted 8.1 billion dollars in net profits for 1985, their second highest year on record, per AP Laserphoto reporting.
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 14, 1986
Page
2
The big three automakers posted 8.1 billion dollars in net profits for 1985, their second highest year on record, per AP Laserphoto reporting.
Detroit earns $8.1 billion in net profits for 1985 led by General Motors Ford Motor Chrysler with GM at the top. 1984 was the high water mark at $9.8 billion, as the industry enjoys a truck sales surge and a shift toward larger cars.
Faith K. Tiberio of Sherborn Massachusetts and another DAR member file a $3 million lawsuit alleging illegal reprimand after criticizing a proposed amendment requiring proof of Revolutionary War descent. They say the plan would exclude black women and interracial families, and it was tabled after the April 4 1984 news conference.
Aides said Kim Young-sam was placed under house arrest as part of a government crackdown on the bid for direct presidential elections. Another major opposition figure had been confined to his home a day and a half earlier amid unrest as New Korea Democratic Party and the Council for the Promotion of Democracy begin a petition campaign for constitutional reform.
Two ex National Guard corporals Santiago Gomez Gonzalez and Jose Dimas Valle were found guilty of homicide for the 1981 killings of two Americans and a Salvadoran linked to land reform. The five member jury delivered verdicts after about three hours of deliberation in a one day trial.
In a remote marijuana growing area 242 miles from San Baltazar Chichicapan Ocotlan, seventeen federal officers were killed in an ambush by alleged drug traffickers. Two assailants also died and an eighteenth officer was reported missing.
CBS Evening News with Dan Rather plans a five day Texas start on Feb 24 then moves to Sioux Falls for broadcasts from KELO-TV Feb 26 to 28. A traveling team of about 25 staff will support the in depth farm crisis coverage.
President Reagan may visit Bali on his way to the Tokyo G-7 summit this spring. Paul Wolfowitz said he hopes Reagan will travel to Indonesia for a day or two at end of April en route to Japan for the summit. An advance party has begun preparations with ASEAN foreign ministers to be present.
CAPE CANAVERAL Fla AP photographs show a puff of black smoke between Challenger's right booster and fuel tank shortly after liftoff raising the possibility of trouble from a seal rupture in the booster. NASA notes the smoke appeared about 1.4 seconds after liftoff and the investigation continues beneath the Kennedy Space Center commission led by William P. Rogers.
California and Texas remained the top beneficiaries of Pentagon funds in fiscal 1985 with many bases, large contractors, and retirees. The Defense Department atlas shows California at 41 billion dollars in 1985 including 11.9 for payrolls and 29.1 in prime contracts, while Texas reached 16.5 billion dollars with 5.9 payrolls and 10.6 prime contracts.
The Aiken Standard lists subscription and classified ad phone numbers 649 5316 649 1555 and a news tip line 648 2311 It gives office hours 8 30 a m to 5 30 p m weekdays and 8 00 a m to 10 30 a m Sunday at 124 Rutland Drive The mailing address is Box 456 Aiken South Carolina 29802 The page shows sample rates 1 14 4 90 14 70 29 40 98 80.
The Aiken Standard provides emergency numbers as a service. Published weekday afternoons by Aiken Communications Inc from P O Box 456 124 Rutland Drive Aiken SC 29802 with second class postage paid at Aiken SC.
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