Word: consortium
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Dates: during 1980-1989
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...less than $4,000, making it the cheapest car in the U.S., its fortunes have been flagging. Americans bought only 43,000 of the glitch-prone subcompacts last year -- well below predictions made when the two-door hatchback was first imported from Yugoslavia in 1985. Now a consortium organized by the Mabon, Nugent investment firm in New York City has paid $40 million to gain control of Yugo America and has promised to spend $40 million more for a campaign to tout new models...
...first commercial airliner in which the pilots "fly by wire" -- controlling the engines and wing surfaces (rudder, flaps, ailerons) via computers and electronic commands rather than hydraulic or cable linkages. The fallen jet was only the sixth A320 to come off the assembly line at the Airbus Industrie consortium's plant in Toulouse. But the questions arising from the accident apply to the entire aircraft industry, for the planes of the future will be increasingly controlled by computer software instead of human reflexes and judgment...
Airbus has a lot riding on the A320's success. Founded 18 years ago, the consortium has spent nearly $2 billion over the past four years to develop the high-tech plane. Although Airbus has succeeded in selling its earlier models, the A300 and the A310, to 58 airlines, the consortium's continuing losses have been aggravated by the weak dollar. The aircraft manufacturer prices its planes in U.S. currency but must pay most of its expenses in relatively stronger European currencies. The consortium last year boasted a 23% share of all worldwide aircraft orders, placing it behind Boeing...
...program, administered by the Southern Education Foundation (SEF) for the Consortium on Teacher Supply and Quality in the South, will unite three leading graduate schools of education with six historically southern Black colleges in the effort, said Katherine N. Kinnick, Public Affairs Coordinator...
...sums sought by irate debtors are approaching bank-busting sizes. Brothers Herbert, Lamar and Nelson Hunt of Texas are suing a consortium of 22 U.S. and foreign banks for $1.5 billion, charging that the lenders committed fraud and conspiracy to force their silver-and-oil empire into bankruptcy...