Japan trims exports as MI T I slashes US car quotas
Tokyo orders Japan’s five largest automakers to cut shipments to the United States by 3 to 8 percent for 1992, with Toyota down about 6 percent to 480000 units and Nissan 8 percent to 300000. Honda Mazda and Mitsubishi also cut, while Isuzu Fuji Heavy and Suzuki gain export ceilings to offset losses. Smaller makers receive boosts, reflecting a long standing quota system aimed at aiding the U.S. industry.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
United States
Kyodo
Nissan Motor Co
U.S
Honda Motor Co
Mazda Motor Corp
Mitsubishi Motors Corp
Isuzu Motors Ltd
Fuji Heavy Industries Ltd
Suzuki Motor Co
Mazda to unveil 1993 models at Fox Theatre
Mazda previews two new 1993 models the MX6 and 626 aiming at redesigns for the year. Country of origin matters to buyers, but not as a top motivator, says Vitulli. The MX6 and 626, built at Flat Rock with Ford Probe, are part of Mazda's refreshed lineup alongside earlier 929 and M3 introductions.
MENTIONED IN THIS ARTICLE
Mazda
Flat Rock
Ford Motor Co
Whch
Mazda Corp
Masahiro Uchida
Mazda Motor Manufacturing
USA
Detroit
Fox Theatre
Mich
Ford
County Grain Prices from Farm Bureau Cooperative
Grain market notes from the County Farm Bureau list shelled corn at 8436, wheat, soybeans at 5.55 per bushel, with prices shown as dollars per unit. Local grain buyers reported yesterday’s market near the cooperative with entries for pat? and miscellaneous figures.
MENTIONED IN THIS ARTICLE
Orain
U S Europe still hopeful of reaching trade pact
In Washington US and European leaders seek a breakthrough before the July Munich summit after April deadlines failed. Bush and Delors held long talks with Cavaco Silva as Hills notes no decisive new proposal yet. Substantial gaps over farm subsidies persist in a talks stalemate affecting 108 nations.
MENTIONED IN THIS ARTICLE
U.S
Europe
Washington
United States
Munich
Germany
Bush
Hills
Jacques Delors
European Commission
Britain
France
Italy
Canada
Japan
Cavaco Silva
Court clears way for Zale financing plan
In US Bankruptcy Court final approval of Zale Corporation’s 470 million permanent financing was granted, resolving inter company lending issues delaying DIP steps. Chemical Bank financing will fund credit card purchases and operations as Zale, owner of Gordon’s, continues Chapter 11 since January 22 following an involuntary filing by bondholders. Executives, including Andreas Ludwig, emphasized renewed focus on jewelry sales and customer service.
MENTIONED IN THIS ARTICLE
Dallas
Zale Corporation
Steven Felsenthal
Zale
Andreas Ludwig
Ludwig
America
Chemical Bank
Gordon’s
GE Denies Price Fixing Ties With De Beers
General Electric denied allegations by former executive Edward J Russell that GE conspired with the De Beers cartel to fix prices of industrial diamonds. The company will investigate the claims and cooperate with federal probes led by the Justice Department antitrust division and FBI. Russell, 54, says he was fired Nov 11, 1991, after opposing meetings with De Beers. GE cites underperformance of the Superabrasives division as the reason.
MENTIONED IN THIS ARTICLE
Cincinnati
General Electric Co
Antitrust Division
FBI
Edward J Russell
Dublin
Ohio
Industrial Diamonds Division
de Beers
Russell
Worthington
George Jamison
Also Mentioned on This Page
Journal of Commerce
Ministry of International Trade and Industry
Vwitasis
Toyota Motor Corp
Rnngie-Rige
Seiananers
EPA
Paris
Shere
Vitulli
Mintwais
C-T
ROYAL
Sagade
Woonowon “Board
Panasonic
Federal Express
Cleveland Street
Elyria
Carla Hills
Delors
Portugal
Anmibel Cavaco Silva
European Council
General Electric
Justice Department
Paul Mallett
New York
Unocal
Cag Deere
Morgan
Upjohn
AbtLab
Disney
DuPont
NovaCr
Ar Dale
Oakind
Emplean
Yorkin
Weve
Ennanc Obe
Oresti
Exxon
PacTel
Amoco
Agi As
Penney
Anheus
Fitchic
Pfizer
Pierre R. Smith Co — i Arkla
Abe
Bey
Fsiuc
PhilPet
Fa Genel
CPC
Alee Inc BS
Agi Aig
Repny S
BankTr
Giang
Ma Rockwl
Barnett
Giwen Ba
Ma Ryder
Bar Bancorp
Baxter
Watti Gust
SchrPl
Schimb
Sears
ShawNt
Boeing
LNB
Bancorp
Goa
Borden
Mid-Am. Inc
Cadence
JohnJn
Telet
Northern Savings Na
Carner
Fe “Mart
Sia
Weo
Onis Fadia
Vate
Fat
COND
CenSow
Qin Tela bin
Imine
Rds
Aaea
Rence
Chase
KirClab Ag
Texas Utilities
Cotacl Cimcorp
Maxus
Cmwe
Woolworth
F.W
Rad al
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