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BUSINESS
April 28, 1998
Superior Industries International Inc. said that it has been awarded an exclusive contract to supply aluminum wheels as standard equipment for General Motors' Cadillac De Ville. Under this contract, Superior will begin shipments this month from its Fayetteville, Ark., plant to Cadillac's assembly plant in Hamtramck, Mich. Superior did not reveal the dollar value of the contract, but said it "represents substantial incremental business" for the company.
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BUSINESS
April 13, 1999 | Times Wire Services
Ford Motor Co. reached an agreement to buy car-repair chain Kwik-Fit Holdings of Scotland for about $1.6 billion in cash, expanding its service business and giving it a sure customer for Ford parts. Ford's president and chief executive, Jacques Nasser, said the deal will bring the world's second-largest auto maker closer to becoming the world's leading consumer company for automotive products and services.
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BUSINESS
March 21, 1995 | From Associated Press
The Supreme Court is letting inventor Robert Kearns collect about $21 million from Chrysler in a dispute over his design for intermittent windshield wipers. But don't assume Kearns is thrilled. "The booby prize is $21 million," he said Monday, complaining because the court denied his separate bid to bar Chrysler from continuing to use his design.
BUSINESS
April 28, 1998
Superior Industries International Inc. said that it has been awarded an exclusive contract to supply aluminum wheels as standard equipment for General Motors' Cadillac De Ville. Under this contract, Superior will begin shipments this month from its Fayetteville, Ark., plant to Cadillac's assembly plant in Hamtramck, Mich. Superior did not reveal the dollar value of the contract, but said it "represents substantial incremental business" for the company.
BUSINESS
April 13, 1999 | Times Wire Services
Ford Motor Co. reached an agreement to buy car-repair chain Kwik-Fit Holdings of Scotland for about $1.6 billion in cash, expanding its service business and giving it a sure customer for Ford parts. Ford's president and chief executive, Jacques Nasser, said the deal will bring the world's second-largest auto maker closer to becoming the world's leading consumer company for automotive products and services.
BUSINESS
January 7, 1999 | Seema Mehta
AlliedSignal Inc. said it plans to realign its aerospace business in a bid to save $30 million to $50 million a year, but it did not provide details. "There may be some job reductions across the aerospace businesses in areas such as administration," spokesman Tom Crane said. "It's too soon to see to what degree." The Morris Township, N.J.
BUSINESS
October 14, 1986
TRW, a leading automotive, electronics and defense manufacturer, reported that its third-quarter earnings totaled $40.5 million, compared to a net loss of $110.3 million in the same quarter last year. The improved earnings, equivalent to $1.33 a share, came despite slightly lower sales and were largely due to a strong performance in its information systems and European passenger car component businesses, the company said. For the three months ended Sept.
CALIFORNIA | LOCAL
January 24, 1990 | TOM McQUEENEY and LISA MASCARO
After hearing protests from local residents, the City Council on Tuesday night postponed a decision on two developers' request to build the first major shopping center in the East Anaheim Hills. The proposed 44-acre shopping center would be built northwest of the intersection of Weir Canyon Road and the Riverside Freeway, just south of the Santa Ana River.
BUSINESS
January 21, 1987 | BILL RITTER, San Diego County Business Editor
SDNB Financial Corp., parent of San Diego National Bank, climbed into the competitive mortgage banking ring Tuesday by acquiring four subsidiaries of a firm co-owned by an SDNB director. SDNB agreed to buy four mortgage banking subsidiaries of Lenders Corp. in an exchange of common stock valued at about $3 million, the company said Tuesday. The four subsidiaries service about $90 million in loan volume; that figure is expected to reach $150 million by year's end, SDNB officials said.
BUSINESS
January 7, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
The usually quiet home branch of Assured Thrift & Loan was busy Monday as a steady stream of depositors began collecting their money from the nation's first banking institution to fail this year. Federal regulators closed the small thrift and loan Friday evening, shortly after the expiration of a temporary court order that had blocked the seizure for more than two weeks. More than 2,000 account holders with $51.
BUSINESS
March 21, 1995 | From Associated Press
The Supreme Court is letting inventor Robert Kearns collect about $21 million from Chrysler in a dispute over his design for intermittent windshield wipers. But don't assume Kearns is thrilled. "The booby prize is $21 million," he said Monday, complaining because the court denied his separate bid to bar Chrysler from continuing to use his design.
NEWS
December 24, 1996 | RALPH VARTABEDIAN, TIMES STAFF WRITER
When Ralph Nader thrust auto safety into a national issue in the 1960s with his book "Unsafe at Any Speed," it looked like political pressure had reach such a level that the federal government would never dare retreat on improving automobile safety equipment. But Nader, who ran for president this year, is charging that the Clinton administration has seriously backtracked on auto safety--caving in to the interests of auto makers and commercial truckers.
NEWS
August 26, 1988 | MARK GLADSTONE, Times Staff Writer
A bill that would establish a $1-million pilot program in Los Angeles County to test a high-tech system for tracking stolen cars has triggered an intense lobbying fight between law enforcement agencies pushing for passage and critics who say the measure is a special-interest proposal. The bill by Sen. Ed Davis (R-Valencia) sailed through the Senate on a 33-0 vote in June.
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