Jeep Comanche: AMC Unveils New Light-Truck Line
American Motors announces the Jeep Comanche mid size pickup derived from the Cherokee. AMC chief Jose Dedeurwaerder says the model expands into the largest light truck market segment and will broaden Jeep's mainstream truck coverage to over 60 percent with two wheel drive and four wheel drive options.
MENTIONED IN THIS ARTICLE
Joe Cappy
American Motors Corp
New York City
Southfield
Mich
Jose J. Dedeurwaerder
AMC
Dedeurwaerder
Jeep
Detroit
New York
Los Angeles
EPA orders GM recall over cars polluting at rest
DETROIT AP The Environmental Protection Agency for the first time recalls cars that emit hydrocarbons with the engine off. GM must recall 82,600 1981 model year vehicles including Chevrolet Malibu Monte Carlo Buick Century Century wagon Regal Pontiac Grand Prix Catalina Bonneville Firebird Le Mans Safari wagon for gasoline fumes from the fuel system. California models not affected. EPA cites faulty charcoal canisters failing to trap vapors. fumes rise when cars are parked.
MENTIONED IN THIS ARTICLE
Detroit
Environmental Protection Agency
EPA
General Motors Corp
California
Martha Casey
Casey
Washington
AMC Seeks Break Even in Second Half Amid Kenosha Woes
AMC President Jose Dedeurwaerder said the company expects to break even in the second half after a 70.4 million loss in the first six months. Cost cuts and a new U.S. plant concession at Kenosha, Wisconsin, help, but AMC warned the Wisconsin site needs a favorable incentive package by spring or could move. Wisconsin officials said no specific proposals have been requested yet.
MENTIONED IN THIS ARTICLE
Dedeurwaerder
Wisconsin Department of Development
AMC
Wegenke
UAW
Kenosha
Renault Alliance
Encore
United States
Taiwan
Renault
Market Dip Across Stocks As Investors See Mixed Signals
Stocks fell broadly on sluggish trading with the Dow down 2.47 to 1326.72 and the NYSE volume around 85.5 million shares. Analysts cite investor confusion over the economy with mixed indicators though some foresee improvement, while others expect continued weakness and volatility.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
Conference Board
Wall Street
NYSE
Beatrice
Union Carbide
Scott Paper
Unocal
Standard & Poor
S&p
American Stock Exchange
Mortgage Delinquency Rates Edge Up in July
In July 1.85 percent of Americans with S and L home loans missed at least two payments, up slightly from June but well below January. Delinquencies were 1.25 percent for adjustable rate loans and 2.07 percent for fixed rate loans in the 900 savings institutions surveyed.
MENTIONED IN THIS ARTICLE
Washington
U.S. League of Savings Institutions
League
GM to Spend 240 Million on Framingham Auto Painting Plant
General Motors officials announced a 240 million dollar plan for a new auto painting and finishing shop in Framingham Massachusetts. The facility will be built beside the existing plant where Oldsmobiles and Chevrolets are assembled and aims to protect about 4000 autoworker jobs while creating more than 1000 construction jobs.
MENTIONED IN THIS ARTICLE
Framingham, Mass
General Motors Corp
Murdoch Takes Oath as U S Citizen in Citizenship Ceremony
Rupert Murdoch became a U S citizen in Manhattan joining 185 others in a 15 minute oath ceremony at U S District Court removing a hurdle to his 2 billion purchase of Metromedia Inc. A Washington group opposed to the deal urged public hearings.
MENTIONED IN THIS ARTICLE
New York
Rupert Murdoch
U.S
Metromedia Inc
Washington
Murdoch
United States
U.S. District Court
Manhattan
Florida farm owner bids $46 million for Churchill Downs Inc
Louis E. Wolfson owner of Harbor View Farm Jacksonville offered stockholders $120 cash per share for Churchill Downs Inc outstanding stock in an unsolicited takeover. Churchill board to meet September 10 to review the bid.
MENTIONED IN THIS ARTICLE
Louisville, Ky
Florida
Churchill Downs Inc
Churchill
Thomas Meeker
Louis E. Wolfson
Harbor View Farm
Jacksonville
Affirmed
FTC Finds No Objection to Hanson SCM Bid
Hanson Trust PLC announced no antitrust objections from the FTC to its bid for SCM Corp after raising its offer above a rival bid. The Hart Scott Rodino waiting period was terminated, clearing the way for Hanson to start its tender offer.
MENTIONED IN THIS ARTICLE
New York
Federal Trade Commission
Hanson Trust PLC
SCM Corp
Hanson
SCM
Hutton Managers Implicated in Banking Probe Punishments Possible
About a dozen middle management employees at E F Hutton & Co face censure to dismissal in an ongoing probe of illegal banking practices. The firm previously pleaded guilty to 2000 counts of mail and wire fraud in May, withdrawing more money than on deposit and paying 2.75 million dollars in fines and costs.
MENTIONED IN THIS ARTICLE
New York
E.F. Hutton & Co
Robert Fomon
Hutton
Flying Tiger Wins $74.4 Million Military Contract
Los Angeles based Flying Tiger, the air cargo unit of Tiger International Inc, announced it secured a $74.4 million contract from the U.S. Military Airlift Command for cargo and passenger services. The deal underscores untapped demand as the struggling airline group seeks stabilizing revenue streams.
MENTIONED IN THIS ARTICLE
Los Angeles
Flying Tiger
Tiger International Inc
U.S. Military Airlift Command
Lakes shipping down Great Lakes slump continues
Great Lakes shipping remains weak through summer with July shipments at 13.1 million tons, 30 percent below July 1984. Iron, coal and grain totals for the season reach 64.6 million tons, down 19.5 percent, per Lake Carriers Association spokesman Glen Neksavil.
MENTIONED IN THIS ARTICLE
Cleveland (Ap
Great Lakes
Lake Carriers Association
Glen Neksavil
U.S
Union Carbide GAF talk not negotiations on stake
Union Carbide says talks with GAF have occurred but no concrete negotiations over GAF increasing its stake. GAF boosted its Union Carbide holding to 9.9 percent from 7.1 percent and seeks federal approval for up to 15 percent. Analysts speculate Heyman may swap shares for units or pursue a takeover plan.
MENTIONED IN THIS ARTICLE
NEW York
Union Carbide Corp
GAF Corp
GAF
Carbide
Warren M. Anderson
Union Carbide
Chemical Company
Samuel Heyman
Also Mentioned on This Page
Lear Siegler
the Gazette
MONEY
Murdoch Citizen
TIGER
SCI
Sil
Iowa City
Lowa
Securities Corporation of Iowa
Second Avenue
Cedar Rapids
United
Linn Photo
Westdale Dr. S.W
1St Ave. S.E
Coralville
Spencer Soynd Systems
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