NATION AND WORLD
Page 11
American automakers display signs of industry's comeback
New Chrysler contract restores concessions to employees
By United Press International
DETROIT — The United Auto Workers and Chrysler Corp. yesterday signed a two-year, $1 billion contract restoring concessions made since 1979 by 54,000 U.S. workers at the once-struggling No. 3 automaker
The contract signed by the UAW and Chrysler bargaining teams had been negotiated and ratified more than a month ago. Scheduling problems held up the formal signing ceremony, the union said.
The pact gives U.S. workers an immediate pay raise and eventual wage and benefit parity with their counterparts at General Motors Corp. The pact also co. Canadian workers are covered by a separate but similar contract.
UNION MEMBERS HAD given three sets of concessions to Chrysler since 1979 to help the firm avoid bankruptcy. The contract, which
expires in October 1985, restores those concessions.
“This is a very historic document — a very historic collective agreement,” said UAW President Owen Bieber. “It was a great moment of the renaissance of Chrysler.”
Chrysler Vice President Thomas Miner said the company was "glad to have these last few years of turbulence behind us." "Chrysler's recovery took a lot of heartache and a lot of hard work," he said.
Miner said the automaker plans to "sell a lot of cars and to call back and employ a lot of people. We expect things to get back to normal."
The pact was ratified by workers Sept. 13 and its provisions are retroactive to Aug. 15. The company and the union reached agreement on the two-year contract during a long bargaining session on Labor Day.
WORKERS HAD RECEIVED
raises in January under a one-year contract, but Chrysler's record profits and the repayment of $1.2 billion in taxes calls for a more lucrative agreement.
Workers had threatened to strike in January if wage and benefit increases were not granted. Chrysler Chairman Lee Iacoca subsequently invited the union back to the bargaining table for a share of the company's profits.
The two-year agreement called for immediate $1 an hour wage increases and later increases of $1.42 an hour, closing the gap with GM and Ford workers. However, the wage gap presumably will widen again when new GM and Ford contracts are negotiated next fall.
EACH U.S. WORKER will receive $8,625 over two years in wages and increases in cost of living allowances. This means the average wage will go from $9.85 to $12.27 per hour over the life of the contract.
General Motors Corp. gains a record third quarter profit
By United Press International
DETROIT — General Motors Corp. said yesterday that a surge in car and truck sales helped it post a record $735 million dollar third quarter surpassing the old third quarter record of $528 million set in 1978.
The profit works out to $2.33 per share of common stock. In the third quarter of 1982, GM made $129 million or 41 cents a share.
Analysts predicted GM third quarter profits of anywhere from $600 million to $1 billion.
American Motors Corp., the No. 4
automaker, later in the day reported a
$9.1 million loss for the quarter compared to a $30.9 million loss last year. AMC made $90 million on the sale of its defense subsidiary in the matter, but the gain was wiped out by a nearly $100 million operating loss.
The No. 1 automaker said the record profit stemmed from increased sales of 1983 model cars and trucks, low dealer inventories, an increase in performance of the new 1984 models and a record income by its financing arm.
GM AND THE other automakers are expected to report sales increases of 30 percent to 35 percent today when mid-October figures are released.
The third quarter traditionally is
the period when automakers incur their greatest expense for changeover to new models. But because of increased sales, GM said its plants would have been more expensive than normally would have been expected for a model changeover.
"The improved earnings will further strengthen GM's financial position and facilitate the continuation of General Motors' multi-billion dollar modernization program to enhance its operations," GM Chairman Roger Smith and President F. James McDonald said in a statement.
However, they said GM still had "as far to go as we have come" in achieving competitiveness.
STEREO SALE
Floor Model
Demos:
Receivers
TERMS:
All new units have full factory warranty. All manufacturers require that original sales ticket and warranty certificate be presented at any factory authorized service center. All Tape Decks are top quality stereo components. All units are equipped with complete factory warranty. In order that we may provide the above services, all units purchased may be picked up the day following purchase. All units purchased may be shipped within 24 hours. These units are being sold as a means of rotating new demonstration equipment.
Qty. Mfg. Model Mfg. List Kief's SALE
2 AKAI AA-R22 30w/ch. $250 $169
1 AKAI AA-R23 50w/ch. $329 $239
1 AKAI AA-R42 70w/ch. $429 $329
1 DENON DRA-300 33w/ch. $300 $259
1 DENON DRA-400 (Rec. of the Year) $400 $329
1 DENON DRA-700 60w/ch. $550 $468
2 JVC RX-22 30w/ch. $249 $164
1 JVC RX-40 40w/ch. $360 $215
1 JVC RX-44 50w/ch. $330 $199
1 JVC RX-50 55w/ch. $450 $275
1 MITSUBISHI DAR-10 45w/ch. $305 $279
1 MITSUBISHA DAR-15 45w/ch. $415 $330
1 MITSUBISHI DAR-25 65w/ch. $549 $395
1 NAD 7120 28w/ch. $295 $258
1 NAD 7150 50w/ch. $600 $499
1 ONKYO TX21 30w/ch. $279 $199
Qty. Mfg. Model Mfg. List Kiefs' SALE
1 ONYKO TX30 30w/ch. $420 $299
1 PIONEER SX202 25w/ch. $200 $125
1 PIONEER SX303 45w/ch. $240 $149
1 PIONEER SX-4 26w/ch. $250 $139
1 SANYO DCR150 22w/ch. $139
1 SONY STRVX22 20w/ch. $250 $169
1 SONY STRVX20 25w/ch. $180 $130
1 SONY STRVX33 310w/ch. $200
2 SONY STRVX550 30w/ch. $239
1 TECHNICS SA-210 25w/ch. $200 $149
1 TECHNICS SA-310 35w/ch. $260 $189
1 TECHNICS SA-410 45w/ch. $300 $229
2 YAMAHA R-30 25w/ch. $249 $219
2 YAMAHA R-50 35w/ch. $330 $269
2 YAMAHA R-70 45w/ch. $465 $388
2 YAMAHA R-90 70w/ch. $595 $499
Watch For Floor Model Demo Sales on Turntables, Cartridges, Speakers Amplifiers, and Pre-Amps
Place an ad. Tell the world. 864-4358.
Texas stores offer 'individual' Christmas gifts
By United Press International
For $50,000 a month, the really narcissistic can have their 25-by-60-foot portraits painted on a canvas at the heart of New York's Times Square.
DALLAS — For $95,000, Sakowitz of Houston will ghost-write a 120-page biography of the customer titled "Uniqueness of You."
Or, for a more $80,000 sculptor Victor Salmones will create a life-sized statue of Ralph Waldo Emerson.
The economy model of the same
model is in plastic and Ivan Scherzik
for $10,000.
NEIMAN-MARCUS OF DALLAS, Sakowitz's competitor, has a rare Chinese
The Christmas catalogues this year from Texas' most prestigious stores are offering a variety of gifts and sales, including each customer's vanity or fancy or both.
Shar-Pei puppy in its catalogue. The catalogue says there are only 2,405 in the world, and you can have one for $2,000 f.o.b. any Neiman's store. The store agrees to put the object on a truck or plane at no charge, but the transportation costs must be paid by the buyer.
One can only speculate as to why this breed was nearly extinct in the 1950s. As a puppy the Shar-Pei may be the fastest dog in the world. Its oversized ears make it look like but as an adult the Shar-Pei looks more like an ordinary yellow farm hound.
And for those who don't mind spending more on packaging than contents, there's the Shar-Pet house, a mock pagoda in hand-carved red and black, with a gold roof and Oriental wallpaper, for $2,750.
Neiman's more mundane pet selec-
tion is a Lakemaster Arabian horse breed
that is a cross between an Arabian and
a horse.
sistency," with papers claiming a pedigree longer than that of a lot of potential customers. Prices start at $5,000.
BUT THE MAIN item among Neiman's furry gifts — which occupy eight pages in the catalogue — is a Russian lynx coat at $125,000. Russian lynx, for those who are in cloth coats, is shaggy and white with black spots.
For the well-heeled kind, Neiman's offers a line of miniatures, headlined by artist Harry Smith's 5-inch walnut Early American chest of drawers that costs $7,200 with a matching table that costs $8,100.
For stocking stuffers, there's the 2-by-3-inch complete and unabridged copy of former Neiman-Marcus book, "The Best Man," and book "Book for Dey Theatr." at $47.50.
For the more meat-and-potatoes taste, the shop offers a box of eight siren steaks at $110 that will be cut into round cut of beef, pork or lamb for $100.
WEDNESDAY and THURSDAY
A RARE COLLECTION OF UNRELEASED OUT-TAKES FROM FAMOUS T.V.SHOWS
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Patronize Kansan advertisers.
DEBATE
US MILITARY INVOLVEMENT IN CENTRAL AMERICA?
PRO
CON
DANIEL JAMES*
YOUNG AMERICANS FOR FREEDOM
30 YEARS REPORTING IN LATIN AMERICA
SYNDICATED COLUMNIST
WRITTEN FOR: NEW YORK TIMES
FORTUNE
AUTHOR OF 8 BOOKS ON
CENTRAL AMERICA
BREECA CRAMER
LATIN AMERICA SOLIDARITY
BANNED AND BARRED FROM FORT
BENNING, GEORGIA FOR
LEAFLETTING SALVADORIAN
MILITARY TRAINEES
INSTRUCTOR IN SOCILOGY AT
JOHNSON COUNTY COMMUNITY
COLLEGE
DATE: WEDNESDAY, OCTOBER 26th
TIME: 7:30
PLACE: BURGE UNION PARTY ROOM (DOWNSTAIRS)
SPONSORED BY
- BROUGHT BY AIM
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