January 17, 1998
* Kohlberg Kravis Roberts & Co. is in talks to buy Regal Cinemas Inc. for more than $1 billion, people familiar with the situation said. It would be Kohlberg's second acquisition in two months. * Jefferies & Co., the Los Angeles-based investment bank, agreed to pay $4.3 million to LotsOff Corp. to settle a lawsuit over what the San Antonio-based discount store chain claimed was an illegal transfer of funds.
December 13, 1993 |
Porsche Issues Recall for Brake, Heating Defects: A combined 12,495 Porsche 911 cars are being recalled in separate actions. Porsche Cars North America Inc. said it is aware of 12 engine fires related to the heating system defect but knows of no accidents from the brake problem. The first recall involves replacing a resistor for the rear heater blower on 11,346 Porsche 911 Carrera vehicles from the 1989-92 model years.
December 9, 1992 |
Porsche Cars North America recently received a thank-you note from a North Carolina woman, quite obviously a die-hard fan. She said she loved the pace, looks and reputation of her 911 Carrera--and its ability to stop three slugs fired at close range from a .44-magnum revolver. The woman--who begged anonymity because assault charges are pending--said the shots were fired by her ex-husband. She and a boyfriend happened to be sitting in the Porsche at the time.
October 10, 1992 |
Porsche Recalls Carrera Models: Porsche Cars North America Inc. recalled all 11,091 of its 911 Carrera 2 and 911 Carrera 4 sports cars from the 1989-92 model years to fix a defective cruise-control system. On certain cars, the ball sockets on the cruise control linkages could break, preventing the engine from returning to idle speed, Porsche said. Porsche will replace the plastic ball sockets with steel ones and lubricate the relay lever, a company spokesman said.
January 17, 1991 |
Porsche Recalls Cars: Porsche Cars North America Inc. recalled 2,451 of its 911 Carrera 2 and Carrera 4 models because a trunk lid may fail to lock properly. The company said the forward trunk lid's safety latch has a defect that could cause the lid to fly up in front of the driver. No accidents related to the problem have been reported, the Reno-based company said. Owners will be notified by mail and repairs will be performed for free.
October 1, 1988 |
It isn't often that the president of an ad agency is named chief executive of a car maker. But on Friday, Brian Bowler, president of the Detroit office of the ad agency DDB Needham, was named president of Porsche Cars of North America. Bowler, however, says it wasn't his most recent three years of auto advertising experience at DDB Needham that got him the job, but his 18 years as a sales and marketing executive with Volkswagen and Audi in Great Britain.