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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 08, 1966
Page
7
Ford Motor Co rejected a Soviet request to build a Moscow car and truck factory. Secret talks preceded an August visit by Ford president Arjay Miller. Fiat will supply equipment worth 300 million dollars and handle 200 million more. U S presses remain critical to stamping parts.
The Clinton Engines Co plant in Maquoketa closed Saturday while awaiting U.S. district court action on its bankruptcy petition for arrangement of liabilities. President Donald Suhr announced the shutdown, noting a reduced workforce had kept operations briefly with a payless payday.
Company president Suhr stated the firm is not insolvent and filed a petition for arrangement of liabilities in U S district court to preserve the business for stockholders employees creditors and the community. He cited tight money markets as the cause and noted merger talks with several firms continue with one likely partner.
Pravda in Moscow printed excerpts from a speech by North Korean leader Kim Il Sung but omitted the section urging volunteers to fight in Vietnam.
A gasoline bomb was hurled at the gate of the South Vietnamese embassy in Rome on Friday night. It caused only minor damage and no injuries were reported.
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