Word: volkswagen
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Dates: during 1970-1979
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Four young men drove a light blue Volkswagen beetle into the Lowell House courtyard Monday night at 12:30 a.m. University Police arrested one man in the incident...
Apple is the fruit of Jobs and another college dropout, Stephen Wozniak, 26, both of whom had worked for West Coast electronics firms. In 1976 they sold a Volkswagen Micro Bus and a calculator to scrape together $1,300 to build a small computer in Jobs' garage. It took them six months to design the prototype, 40 hours to build it from scrounged parts, and no time at all to sell it to a retail computer store in California. Says Jobs: ''To our amazement, the store ordered 50.''The Apple Computer-so christened by Jobs...
There is little chance of a Chrysler-type financial Armageddon. Ford remains a globe-girdling, diversified corporation with 1978 earnings of $1.6 billion on revenues of $43 billion. Its glass, steel and aerospace operations boast record earnings, as does its international automotive business, which ranks second only to Volkswagen outside North America. And Caldwell is a cool, analytical manager who is credited with turning around international operations, which produce two-thirds of Ford's profits. Can he rebuild domestic sales? Cautions Caldwell: "This is a long-lead business. A lot will come two to three years from...
...prospects for takeover or merger. In the real world auto market there will be associations, mergers and joint ventures by the hundreds. As for the rumor of a Chrysler-Volkswagen deal last summer, there was absolutely nothing to it. But if you ask me whether we are a prospect, the answer is yes. It would be a hell of an investment for someone. Sure, the balance sheet does not look good, but I am a great believer that if you buy a company, you buy its management and its future. And our management and our future products are Class...
...those arguments can be countered. Even if Chrysler were to fail, another company would take over its tank business; the domestic auto industry would remain competitive because Volkswagen is expanding production in the U.S.; other auto manufacturers would enlarge their production-and hire plenty of workers to meet it. Still, the threat of unemployment, even if temporary and spotty, was the decisive point for Administration policymakers in this preelection, recession year...