Toledo Jeep plant in fight for survival with Kenosha
Miami University economist James Rubenstein predicts Chrysler will close AMC plants in Toledo or Kenosha if the takeover succeeds. He argues the Toledo Jeep plant faces an extremely grim future, with Chrysler likely choosing one Canadian plants to keep and closing the other. Analysts caution against an outright closure without a detailed study and worker involvement. About 6,300 work at the Toledo Jeep plant as Chrysler weighs AMC integration.
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American Motors Corp
Kenosha
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Chrysler
James Rubenstein
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Rubenstein
University of Toledo
the Plain Dealer
David
Cole
Office For the Study of Automotive Transportation
University of Michigan
Rash of takeovers revives deal making in 1980s
A wave of mergers and acquisitions floods the market with nine deals totaling 6.8 billion dollars. Chrysler bids 1.5 billion for American Motors while Hart family through Dart Group seeks 1.6 billion for Supermarkets General. Piedmont Aviation accepts 1.59 billion from USAir as Icahn’s TWA bids 1.65 billion. Allegheny International faces a 500 million buyout by a First Boston affiliate.
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Supermarkets General Corp
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Lawrence Schloss
Donaldson, Lufkin and
Jenrette Securities Corp
Schloss
James J. Kelly
W.T. Grimm and Co
Washington
Michael L. Tarnopol
Bear, Stearns and Co. Inc
Waters
Usair
Piedmont
Supermarkets General
Hart
W.T. Grimm
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AMC
First Boston
Allegheny International
Shearson Lehman Bros
Raymond DeVoe
Legg Mason Wood Walker Inc
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