Gas guzzlers back in demand as buyers seek bigger cars
American buyers shift from fuel efficiency to high performance and space with larger cars and light trucks. Analysts note midyear strengthened demand for minivans and subcompacts, aided by new low priced models from Hyundai, Yugo, Dodge Omni, and Plymouth Horizon. Domestic and imported car sales for the first half total about 5.65 million, with top sellers including Chevrolet Celebrity and Cavalier, Ford Escort, Oldsmobile Cutlass Sierra, and Honda Accord.
MENTIONED IN THIS ARTICLE
John Hammond
Data Resources Inc
Lexington
Mass
Hammond
Ann Knight
Paine Webber
Knight
Hyundai
Dodge
Omni
Plymouths
Horizon
The
Motor Vehicle Manufacturers Association
U.S
Chevrolet
Celebrity
Ford
Oldsmobile
Honda
Accord
Gasoline bootlegging targets federal tax revenue
A new breed of bootlegger dodges the 9 cent per gallon tax on gasoline, with a Texas case cited among others. Investigations show elaborate daisy chain schemes using shell companies to shift tax liability before final delivery. Estimates of annual losses range from 100 million to 1 billion dollars as distributors undercut taxes, prompting a Treasury push to tax at purchase.
MENTIONED IN THIS ARTICLE
Washington
New York
Florida
Texas
FBI
Internal Revenue Service
IRS
James Owens
Bill Cunningham
House
Ways and Means Committee
Cunningham
Treasury Department
Also Mentioned on This Page
Scripps Howard News Service
New York City
NYSE
He Olds
Alcoa
Acyan
Vy AmMot
At&t
At Rich
BkrInti
BnkAm
Bards
Baxter
Becor
Il BellAd
Boeing
Borden
CIGNA
CSX
Cmpr
Ibs
CastiCk
Churchs
ColtInd
Cmwe
Digital S
DowCh
duPont
EastAur
Exxon
TilPoor
IBM
JohnJn
Kmart
Merck
Mobil
Morgan
Ms Motorla
NtSemi
Navistr
Vy Nramp
My NorskSo
NoestUt
PanAm
Pandek
Panill
Penne
Pepsic S
Ye Petries
MN Pfizer
M PhilaEl
PhiPet
RalsPur
Rexard
Royld
Safewy
Salomn
Sfesop
Schimb
Shell T
SonyCo
SouthCo
SwAhl
StdOnl
SunCo
SunMn
Va Texaco
Transco Lle
ALI
USG S
UnElec
Umtwin
Unocal
WalMrt
First Bancorp
Fruehauf
Goodrich
IC Industries
Invacare
Lear Siegler
LCB Bancorp
LNB Bancorp
Lesco Inc
Midland Ross
Nordson
Ohio Edison
Parker Hanmifin
Smucker
Texas Utilities
Woolworth FW
York International
Lorain
HSL
Apple
Oberlin
Westlake
Sheffield Lake
Lake Road
Parma
Fort Worth Star-Telegram
San Antonio
Houston
State Comptroller’s Office
Comptroller
Tony Proffitt
Broadview
St.a.r
Broadview Savings
Prone Palit
Goog Barba de Wor
Proadvipa EE A
S.T.A.R
Rockside Woods Blvd
Cleveland
Atta Star
Secuty
Ours
BSBA
Loppain County
Ashland College
Miller Hall
Ashland
Ohio
Oshlond College
GTR
arGl
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