CALIFORNIA | LOCAL
April 17, 1989 |
Ken Upchurch, who flew in from Albuquerque just to see the car show in Orange County, said Sunday that he was not disappointed. Looking around at the hundreds of vintage automobiles, Upchurch said, "It's fabulous. There are more (display) cars here than I've ever seen in one place." Another visitor, Larry Quay of Covina, said, "For someone who likes cars, this is like Christmas." And yet another visitor, Donald E. Petersen of Detroit, chairman of board of the Ford Motor Co., said, "This is the biggest show of Mustangs in the nation."
November 11, 1989 |
Ford Motor Co. Chairman Donald E. Petersen--who engineered much of the auto maker's dramatic turnaround in recent years and its adoption of sleek, aerodynamic styling--said on Friday that he will retire March 1 and be replaced by Vice Chairman Harold A. Poling. The nation's No. 2 auto maker is not expected to make any dramatic changes as a result of Petersen's departure, say analysts, who had expected the highly regarded, 63-year-old chairman to remain on the job for at least one more year.
October 31, 1989 |
Donald E. Petersen says the worst day in his 40 years with Ford Motor Co. came shortly after he was named president in March, 1980, when he realized that the No. 2 auto maker was in worse shape than he'd thought. "It was certainly a sobering day," he said. "It was probably the most sobering day." The company had just reported a $1.17-billion loss for 1979, the second straight annual loss and a 30% decline over 1977's performance.
September 4, 1986
The Ford Motor Co. will become the first U.S. auto manufacturer to provide a motorized automatic safety belt as standard equipment. Ford Chairman Donald E. Petersen said the motorized belts, which will wrap around a front-seat occupant when the ignition is turned on, will be installed in 1987 model Ford Escort and Mercury Lynx. The federal government is requiring auto makers to phase in either passive belts or air bags over the next three years.
May 1, 1988
Regarding the April 13 story, "Ford Pays $248 Million in Bonuses": Since we are in the market for a new car you can be sure it will not be a Ford after reading the bonuses paid Ford Chairman Donald E. Petersen (1987 compensation $3.7 million) and Vice Chairman Harold A. Poling (1987 compensation $2.8 million). Disgusting. MARIAN OLSON Huntington Beach