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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 01, 1982

Page

31

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.

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.

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.

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.

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.

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.

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.

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.

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

Also Mentioned on This Page

Consumer News Boaz Heads Bank Karen Horne Bell Telephone Co Pennsylvania Harrisburg Federal Reserve System Cleveland Bank Horn Fed The Auto Club Gateway Gardens 6Th Street S.W Altorfer Machinery Company Caterpillar Catano Bare Davenport Iowa Surlington A Rapids Mar Ade Canada Cessna Wichita, Kan Cessna Aircraft Co Wichita Russ Meyer Grants, N.M Anaconda Copper Co New Mexico Jackpile Laguna Bluewater Grants CWA Bz Weelitatele Commercial Credit Commercial Credit Corporation Des Moines Ingersoll Ave Burlington Jefferson St Center Point Rd N. Brady Street Sioux City Nebraska St Waterloo University Ave Jos. Schlitz Brewing Co Schlitz Stroh Brewery Co Detroit Kaiser Steel California Kaiser IBM Marshall Field Batus B.A.T. Industries Ltd B.A.T Eastman Kodak RCA Warner Communications Wickes Cos Allegheny Beverage Wickes Allegheny Occidental Petroleum Penn Central Southern Co U.S. Industries Inc Champion International Corp Supron Energy Dorchester Gas Corp Houston Oil Trust National Association of Securities Dealers Debbie Reynolds Rusty Staub Liberty Thrift and Finance Corporation Second St Lowa
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