September 12, 1990 |
Early one recent Friday afternoon, Karen Pannier and some co-workers at the Koll Co. in Newport Beach left their office and drove to Laguna Beach, stopping at an oceanfront restaurant to sip margaritas. They didn't show up for work until the following Monday. But the afternoon away from work didn't land the Koll employees in hot water on Monday morning. They were just following company policy.
March 17, 2000 |
Ford Motor Co. will announce today it has agreed to buy the prestigious Land Rover sport-utility unit from Germany's BMW Group for $2.8 billion and plans to relocate the division's North American headquarters to Irvine. The deal is a further nod to Southern California's fast-emerging reputation as a hub for luxury automobile makers and gives Ford another coveted nameplate to add to its portfolio of world-recognized luxury brands, consisting of Lincoln, Jaguar, Volvo and Aston Martin.
May 6, 1987 |
It would be hard to imagine a less opportune time for yet another Japanese auto maker to try to break into the United States with a new small car. After all, there's a trade war brewing between the United States and Japan, the yen is soaring, import quotas on Japanese autos remain in force, and cheap mini-cars from the Third World are flooding unchecked into America, threatening Japan's hold on the small-car market here.
April 19, 1988 |
It is a striking commercial. When a pilot comes on the loud speaker and announces Northwest Airline's new no-smoking policy, a planeload of passengers break into applause. And if that's not raucous enough, a new ad to air next week shows passengers erupting in loud cheers. Hundreds of miles away from Northwest's headquarters in Minnesota, the corporate officials at RJR Nabisco didn't stand up and cheer when they saw the commercial. RJR, of course, is short for R. J.
February 25, 2000 |
Ford Motor Co. said Thursday that it will move the U.S. headquarters of its foreign and domestic luxury lines to Irvine, creating 225 jobs and cementing Orange County as the hub of Southern California's burgeoning automotive industry. The long-expected relocation from New Jersey of Aston Martin, Jaguar and Volvo--to join Lincoln in Ford's Premier Automotive Group--is the latest of what industry analysts see as a continuing migration of automotive-related companies to the region.
June 9, 1989 |
What do we have to kick around now that the bloc-built Yugo is in neutral pending the outcome of its bankruptcy filing and five months of financial perestroika ? The new Volkswagen Jetta has to be a contender. It will be sold as a diesel, for heaven's sake, a form of wheezy propulsion where the only real success stories have involved London taxi cabs and RTD buses. Faint, Faint Praise The Chrysler-Maserati TC could be another perfect scapegoat. It has received more bad reviews than "Howard the Duck."
February 17, 1989 |
From the modest, 15-person wholesale offices of Yanmar Diesel Engine in Anaheim, to the sleek, national manufacturing headquarters of Ricoh Electronics Inc. in Tustin, the presence of Japanese companies in Orange County is a substantial one. According to a 1987 survey conducted by the Japan Business Assn. of Southern California*, 87,483 people in California worked for Japanese companies or their subsidiaries, making the Japanese bigger employers than the top five corporations in California.
March 1, 1991 |
The war is nearly over. Now, what about the peace dividend? With guns silent in the Persian Gulf, businesses and consumers interviewed Thursday said they still face an elusive enemy in tight credit, rising unemployment, sluggish auto sales, an overbuilt real estate market, a battered banking system and scores of other problems that still entangle the economy. And no Schwarzkopf-style economic assault is poised to wipe out those problems quickly. "I can't increase my spending.
February 9, 1992 |
John Good's timing was pretty bad. In May, 1989, the 27-year-old publisher founded a magazine to showcase the Orange County advertising industry. OC AdNews was a glossy, sophisticated publication aimed at promoting the county's creative talent to the many corporations headquartered locally. But Good hadn't planned on the recession, which has driven about 200 of the county's 420 ad agencies out of business and has put 4,000 people out of advertising-related jobs.
December 27, 1992 |
This was the year when the 1980s came back to haunt us. Whether the blame lies with the end of the Cold War, the rising national debt or the Los Angeles riots, Orange County's economy suffered. It was a victim of past excesses. The recovery never took hold. Charles H. Keating Jr., former owner of Irvine-based Lincoln Savings & Loan, was sentenced to the maximum: a decade in jail. Glitzy retailers shut down, undercut in a saturated and overbuilt retail market by discount power centers.