Mack Is Back
Article Abstract:
Mack Trucks suffered a severe slump in sales in 1982 and 1983. The drop in earnings prompted the parent company, Signal Cos. Inc. to sell its eighty per cent interest in the company. As a result the company is now 40.6 per cent owned by Renault, ten per cent owned by Signal, and the balance owned by the public. The company has benefited from its association with Renault, as an international partner. Pent up demand has spurred sales and production at Mack Trucks. Deregulation in the trucking industry has forced Mack to cut costs in order to competitively price products. Companies also want quality and durability in trucks because they will use them for more years. Mack has a reputation for those qualities. Earnings in the company are already up, and new orders were up 160 per cent at the end of December 1983 over the period a year earlier.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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Detroit's Driving Recovery
Article Abstract:
Although competition from Japanese manufacturers has severely damaged the United States auto industry, it has also forced United States automakers to become more efficient. This increased efficiency has enabled United States carmakers to greatly increase profits in 1983. A report on the four major United States automakers is presented. General Motors is hoping its new Pontiac Fiero model will be a big success. Ford Motor Co. is taking a gamble with the innovative styling of its new models. Chrysler Corp. is hoping to strike it rich in the minivan and sports-coupe markets. The quality of United States-made automobiles appears to have improved in the early 1980s.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1983
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Don't Holler
Article Abstract:
Arbitration is being increasingly used to settle disputes between clients and brokers. This procedure saves time and money over court battles. The growth in investment vehicles accounts for this new popularity. Brokerage firms also use it to hold down bad publicity as well as legal costs. Small investors also benefit from the use of arbitration. There are no formalities necessary in arbitration. Each side informally tells its story. It is wise for an investor to be represented by an attorney when a large amount of money is at issue. One negative is that if a person is not happy with the ruling, he has no recourse.
Publication Name: Barron's
Subject: Business, general
ISSN: 1077-8039
Year: 1984
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