GM axle defect probe covers 5.3 million 1978 80 cars
UPI reports the National Highway Traffic Safety Administration opened a defect investigation into General Motors mid sized cars and GMC pickups from 1978 to 1980 totaling 5.3 million vehicles. 225 reports describe rear axle failure with 70 crashes and no deaths. investigation may target specific plants.
MENTIONED IN THIS ARTICLE
Washington
UPI
General Motors Corp
Transportation Department
National Highway Traffic Safety Administration
Raymond Peck Jr
GMC
Office of
Seventh St. S.W
Washington, D.C
Bob Boaz
Car cost to operate 1982 compact averages $3654 yearly
AAA calculated that a 1982 Chevrolet Citation four door hatchback driven 15,000 miles annually and kept four years costs 3654 dollars per year 24.4 cents a mile. Variable costs total 1256 dollars per year while fixed costs reach 2398 dollars.
MENTIONED IN THIS ARTICLE
Washington
UPI
American Automobile Association
AAA
Sears loses wrench suit in patent infringement verdict
A UPI report states Sears Roebuck & Co. was found guilty of willful patent infringement over the Quick Release socket wrench invented by Peter Roberts, a former Sears clerk, after a seven hour jury deliberation. Roberts sought 4.5 million dollars. the ruling could raise damages due to willfulness.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Sears, Roebuck & Co
Sears
U.S
Nicholas Bua
Peter «Roberts
Red Bank
Tenn
Gardner
Mass
Roberts
Steel layoffs hit Lorain plant as total rises
United Press International reports steelmaker plans 100 more layoffs at the Lorain Cuyahoga Works this week, pushing the total job cuts to 2,900 as the industry continues belt tightening.
MENTIONED IN THIS ARTICLE
Lorain, Unio
UPI
Steel
Lorain-Cuyahoga
OPEC Plans Extraordinary Meeting Over Western Pressure
Saudi Oil Minister Sheikh Ahmed Zaki Yamani said OPEC will hold an extraordinary meeting to counter Western oil companies pressuring Nigeria to cut crude prices. He spoke during a London briefing with British parliamentarians in the European Atlantic Group.
MENTIONED IN THIS ARTICLE
New York
UPI
Ahmed Zaki Yamani
OPEC
Nigeria
GM extends Canadian rebate program for 1982 models
General Motors of Canada said the rebate program will run through April 30 while it keeps current interest rates on new car loans. The program, started February 1, offers $500 to $2,000 in rebates for customers purchasing or ordering 1982 models, and is credited with boosting sales in Canada.
MENTIONED IN THIS ARTICLE
Oshawa
Stocks close mixed as investors await Reagan remarks
The market halted a rally as traders waited for President Reagan's energy update. NYSE for March set a record 1,270,227,140 shares with modest gains and losses across major indicators. Dow and S&P 500 ended near flat or modestly changed amid mixed advances and declines.
MENTIONED IN THIS ARTICLE
New York
UPI
Reagan
New York Stock Exchange
Dow
Standard & Poor
Pipeline 6 Percent Price Rise for Gas Service
The Natural Gas Pipeline Co. of America seeks a six percent rate increase for Cedar Rapids and Iowa City customers, effective around Oct. 1 after FERC filing. The move aims to add about $153 million in revenues amid higher transportation, operating, and maintenance costs. Debby Reynolds is 50 and Rusty Staub is 38.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa City
Iowa Illinois Gas and Electric Co
Natural Gas Pipeline Co. of America
Federal Energy Regulatory Commission
FERC
Upper Midwest
George R. Morrow
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