Automakers Suffer Drop In Profits in 1985
DETROIT AP Ford Motor Co reports 1985 net profit of 2.5 billion, down 14 percent from 1984. Chrysler posts 1.6 billion, down 33 percent from 2.4 billion. GM at 4.0 billion, down 21 percent. The Big Three 1985 net profits total 8.1 billion vs 9.8 billion in 1984.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Chrysler Corp
General Motors Corp
Ford
U.S
Canada
European
Latin America
Far East
Chrysler
Japan Extends Auto Export Quotas to U.S. for Sixth Year
Tokyo announced extending quotas on Japanese auto shipments to the United States for a sixth year to curb torrential exports and shield against proposed protectionist laws. International Trade Minister Michio Watanabe fixed the annual export ceiling at 2.3 million cars for the new fiscal year, citing U.S. industry recovery and yen value as influencing factors. U.S. automakers and the United Auto Workers hailed the decision, while Japanese automakers warned it may be inevitable amid congressional protectionist moves.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
United States
U.S
United Auto Workers
Michio Watanabe
International Trade and Industry
Watanabe
Congress
Commerce Department
Shuttle Investigation Moves To The Scene
A presidential commission arrived at the Challenger disaster site in Cape Canaveral for a first hand look at shuttle boosters and ground facilities. The panel led by William P. Rogers will inspect the launch infrastructure, piece together wreckage, and review booster sealing and stacking procedures as officials release an internal waiver about safety requirements.
MENTIONED IN THIS ARTICLE
Cape Canaveral
Fla
Washington
William P. Rogers
Commission
Kennedy Space Center
Space Center
NASA
Hugh Harris
Space Agency
National Aeronautics and Space Administration
Ottawa University Men Remain On Late-Season Roll
Ottawa University men extend their late-season surge with consecutive wins as they push toward strong finish. Team leaders and key players helped secure the latest victory, maintaining momentum for the standings.
MENTIONED IN THIS ARTICLE
Ottawa University
Seat belt bill faces Kansas lawmakers amid rights clash
In Topeka the Senate Transportation panel heard opponents say mandatory seat belts infringe on rights and resemble a death sentence for some. Rep Freeman argued for education over law while veterans likened it to loss of individual freedoms. Separately in Topeka, farmers debated property tax rebates to spur land purchases and stabilize values, with a bill offering up to three dollars per acre for 80 to 320 acre buyers through 1988, though supporters and opponents questioned reach and fairness.
MENTIONED IN THIS ARTICLE
Topeka
Kan
Kansas
Senate Transportation and Utilities Committee
Russia
China
Cuba
Jeff Freeman
Burlington
Freeman
House
79 Year Old Kansas City Grocer Wins Lottery Jackpot
A retired Kansas City grocer, Johnnie J. Magerl, 79, won the Missouri Lottery Jackpot 86 prize of 2,116,504 dollars in its first jackpot. He plans to donate his first gift to his church as he anticipates the 20 year payout, with the church prayed for by him.
MENTIONED IN THIS ARTICLE
Kansas City, Mo
Kansas City
Johnnie J. Magerl
Magerl
Marcos Leads In Official Vote Count In Philippines
The National Assembly opened the official tally of last Friday’s presidential election with Ferdinand E. Marcos at about 54.3 percent of 3.9 million votes. Cory Aquino mourns slain campaign official Evelio Javier and attends Mass as violence hits her ranks, while Tolentino leads Laurel in the vice presidential race.
MENTIONED IN THIS ARTICLE
Manila
Philippines
National Assembly
Ferdinand E. Marcos
Corazon Aquino
Aquino
Rene Saguisag
Arsenio Cainglet
Marcos
Arturo Tolentino
Salvador Laurel
Aauta
Evelio Javier
Antique
Also Mentioned on This Page
Ottawa
Lawrence Mulloy
Presidential Commission
Area Daily
Lee Iacocca
Interior Department
Ottawan
Howard Hughes
McClouth
Business Committee
Lloyd Polson
R-Vermillion
Mike Hayden
Ratwood
Kansas Cition
Jose Blanco
Javier
Cory Aquino
Brian Hagelin
Rt. 1
Pomona
Main Street
Rick Olmstead
Lincoln
Brian
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