Profit drop forecast for auto industry in 86
Analysts estimate U.S. auto industry profits for 1985 fell to between 6.6 and 6.9 billion dollars, down from 8 billion the prior year. Major firms GM Ford Chrysler and AMC plan year end reports in February. Ford expected to lead with strong 1986 earnings while AMC may post a loss up to 120 million.
MENTIONED IN THIS ARTICLE
Detroit
U.S
America
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
Ford
AMC
Detroit Free Press
Auto Makers Forecast Mixed 1986 Profit Outlook
Ford aims for record 1986 earnings between 3.0 and 3.2 billion, up from 2.5 in 1985, while 1986 fourth quarter profits are seen from 587 to 694 million. GM 1985 profits near 2.5 to 2.8 billion, Chrysler 1.2 to 1.3 billion, AMC around break even or small loss. Analysts cite cost cuts, marketing costs, and product rollout as key factors.
MENTIONED IN THIS ARTICLE
Ford
Tures
Ronald Glantz
Montgomery Securities
San Francisco
Chrysler Corp
Chrysler
Michael Luckey
New York
Shearson Lehman
American Motors Corp
AMC
David Healy
Drexel Burnham Lambert
Car buyers face a crowded, competitive 1987 market
Insiders say 1987 will be a strong year for auto buyers as increased competition, imports, and new U.S. plants boost choices. Forecasters expect 1986 sales near 15 million and 1987 around 14.8 million, with rebates, low-cost financing, and broader variety shaping a buyer’s market. Strong domestic and foreign entries push models from Honda, Nissan, Toyota, Mazda, Mitsubishi, and Korean/Taiwanese/Mexican imports, including GM and Ford small cars.
MENTIONED IN THIS ARTICLE
National Automobile Dealers Association
U.S
Honda of America
Marysville
Ohio
Nissan USA
Smyrna
Tenn
Korea
Taiwan
Mexico
Brazil
Sprint
Suzuki
Japan
Spectrum
Isuzu
Nova
Toyota
California
Ford
Kia Motor Corp
Chrysler
Dow Jones Ends 1986 At 1895.95 After Turbulent Year
The graphic tracks the Dow Jones 30 industrials volatility through 1986 ending December 31 with a close of 1895.95. The yearly rise and fall highlight market swings and investor sentiment for the year.
MENTIONED IN THIS ARTICLE
DOW Jones
Esquire Magazine Sold to Hearst Corp
Hearst Corp purchases Esquire Magazine from an unspecified price. The sale, announced by both parties, expands Hearst holdings in magazines and media.
MENTIONED IN THIS ARTICLE
New York
Esquire
Hearst Corp
RJR Nbl
RalsPur
H & Ry
Det Schimb
Sears
Tandy
Texaco
Et & Usg Si
Hs Usx
Ucarb Si
Ushom
Uswst
UnTech
UniTel
Unocal
Tess
Wararl
Pietre R. Smnth
Acme Cleve
Allied Corporation
WOM
Alitel We AmerShip
Balding
American Standard
Centenor
Central Bancorp S14
CPC Inter Inc
Emerson A First Bancorp
Goodrich
1C Industres
Invacare
Lear Stegier Lcb Bancorp
LNB Bancorp
Lesce Inc
Parker Hanmfin
Sonicker
Texas
Woolworth FW
York
Esquire Magazine
Recipe for success as a hamburger empire grows
In 1951 Russell Harvey bought Al's Hot Dogs in El Cerrito for 1100 dollars after selling his car and savings. Twenty five years on Nation's Giant Hamburgers operates 22 restaurants with over 15 million dollars in yearly sales and 450 employees. Harvey and partner Dale Power credit plain good food and burgers for the growth.
MENTIONED IN THIS ARTICLE
Russell Harvey
Al’s
Hot Dogs
el Cerrito
Calif
Harvey
Dale Power
McDonald’s
Butler Manufacturing Co
Power
Goodyear unit Motor Wheel sold to management group
A group led by Motor Wheel Corp. management completed the purchase of Motor Wheel from Goodyear Tire & Rubber Co. The deal affects about 3,400 Michigan Ohio Illinois Kentucky and Ontario workers with annual revenues near 500 million. No sale terms were disclosed.
MENTIONED IN THIS ARTICLE
Lansing, Mich
Motor Wheel Corp
Goodyear Tire & Rubber Co
Motor Wheel
Joseph Overbeck
Goodyear
Michigan
Ohio
Ilinois
Kentucky
Ontario
Canada
Doug Pearson
Goodyear Aerospace
Celeron Corp
James Goldsmith
Goldsmith
Robert Bowman
Pew Motor Wheel
Bowman
Overbeck
MWC Holdings Inc
al Cruickshank
United Auto Workers Local 782
Ypsilanti
Ypsi
Also Mentioned on This Page
Manufac
Scripps Howard News Service
MAZDA
Mitsubishi
Ft’s
Ward
Auto World
Jaguar
Low
NYSE
At&t
Amoco
Armwis
Oe Baxter
BellAti
Dayco
duPont
Emrski
FedExp
GenEl
Gillet Si
Ini
HM JayMig
Bethe Lammids
Merck
Hamburger
San Francisco Examiner
Lansing
Terry McKane
Lorain Community Hospital
Lorain
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