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Chrysler Might Get a Lift from $15 Million State Loan Council Debates

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Chrysler Might Get a Lift from $15 Million State Loan Council Debates Vol. 103 No. 29 University of Delaware, Newark, Del. · Thursday, Jan. 17.1980 Chrysler Might Get a Lift From $15 Million State Loan By MICHAEL J. EPPOLITE and LISA BARTH DOVER - Attempting to win approval for a $5 million state loan for Newark's Chrysler plant, officials of the auto maker addressed a joint session of the Delaware General Assembly here Tues­ day. Wendell Larson, an ex­ ecutive vice-president for Chrysler, said he sees no pro­ blem in receiving govern­ ment aid since its auto pollu­ tion and safety regulations are largely responsible for Chrysler's present financial condition. The loan must be approved by a two-third majority in both houses of the General Assembly. Legislators questioned the Chrysler executives concern­ Review photo by Neal Williamson ing the future of the corpora­ new models by the end of the million in 1979, more than any .percent sales' penetration in­ ments, and the liquidation of tion, and its plans for the month, said LarBon. other corporation in the to the market has a fantastic Chrysler assets. Newark plant. In July, the plant will be history of the United States, impact on profits." Gov. Pierre S. duPont IV "Although automation will retooled again for the produc­ expects another loss of $500 A $1.5 billion federal loan proposed the $5 million loan play a bigger part in Chrysler tion of the new K-car, a small million in 1980, said Larson. guarantee to Chrysler cor­ Saturday in an attempt to production in the future, the four-cylinder front-wheel However, Larson predicts poration is contingent upon keep the Newark plant sol­ outlook for employment at drive vehicle that will get bet­ that in 1981 Chrysler will reap the approval of loans totalling vent. the Newark plant is ex­ ween 23 and 30 miles per $400 million in profits. $1.43 billion from Delaware The auto maker's collapse cellent,'' said Larson. gallon, said Larson. When State Representative and six other states where would have a "devastating ef­ As the first step towards "The results of the loan will Joseph Ambrosino (R-7th Chrysler facilities are fect on the Newark area, recovery, production of the n o t b e r e a li z e d i m­ District) asked him how he located. This money will since a high percentage of the Dodge Diplomat and Le mediately;" said Larson. collld expect such large pro­ come from U.S. and foreign plant's 4,500 workers are con- Baron will be transferred to Chrysler, "which lost $11.1 fits, Larson replied, "One banks, state and local govern- (continu•d on Page 3) .the Newark facility from a recently closed plant in St. Louis, Mo. The plant is ex­ pected to be retooled for the Council Debates Zoning, New Bus System Joint UD- City Bus Service New City Law Proposed On the Inside May Get Rolling in February To Curb Downtown Drinking By JACK ANDERSON By JACK ANDERSON "The Jerk" Free bus service for the Ci- the two sides, however, still A proposed city law could not affect those liquor ty of Newark may be in must be signed. The city must prevent any new alcohol­ businesses already licensed operation by mid-February also obtain a permit from the related businesses from open­ by the Delaware Alcohol 1 Martin caught with his pants thanks to a combined effort Department of Transporta­ ing in Newark by prohibiting Beverage Commission by the university and City tion, which Marshall expects any facility that is within 200. (DABC) down .................. p.7 Council. to receive by Feb. 11. feet of a church, school, But to Gerald Z. Berkowitz, Under the plan, two On a grander scale, Mar­ library, or hospital from sell­ attorney for C.B.S. Foods minibuses donated by the shall hopes to incorporate this ing alcoholic beverages which owns New England state will run on an hourly new city transportation unless a special permit is Pizza, the ordinance violates commuter schedule. The system with the university's granted by the City Council. free enterprise. Addressing ·Down Again buses, with a seating capacity bus system. However, Brook The ordinance came before the City Council Monday of 18, will be driven by univer­ feels the "hang-up" of in­ city council for second night, Berkowitz stated that sity employees, according to surance protection will pre­ reading Monday night but no pizza restaurant could sur­ The shot§. still -fall short for Newark City Manager Peter vent any such joint ventures was returned to first reading vive in Newark without Marshall. (to add the special permit alcohol. "Pizza without beer the Blue H~n's basketliall "The university will run the within the near future. "By changing from student to clause. is like a season without team ....' ............. p.12 city's bus system because no public rideship," Brook said, Councilman Olan Thomas refreshing rain." Currently, bids were made for a city said the measure might allow New England Pizza is apply­ system," said Security Direc­ "the insurance rate is higher because of higher risk." the city to deal with !m in­ ing to DABC for a license. Something's Happening .. p.S tor John Brook, who oversees crease in alcohol-related Selling alcohol has proved a "Insurance estimates seem Editorial ............... p.6 bus service on campus. crimes in the central business profitable venture in Newark, Brook said the university very high at this time," said district along Main Street. evidenced by the number of EtCetera ............... p.7 will provide drivers for city Marshall," but we are looking "The ordinance may im­ alcohol-related facilities buses until June 30, when cur­ for ways to lower them." prove the situation in the ceo­ here. This year, 82 alcohol Classifieds ............ p.lO rent funds will dry up. After Brook, however, feels all is tral core area where com­ license holders are in that, Brook believes federal not lost. "We can get addi- plaints come in like crazy " business here, a 410 percent Sports ................ p.12 and state funds will supply tional state and federal funds . he said. ' increase since 1971, ac­ additional money if the pro­ because this~ a ~ovel idea. However, the proposed law cording to a DABC ject works. Also, because 1t w1ll be free, contains a "grandfather spokesman. Within the last \. A final contract between (Continued on P- 4) ClaUSe" WhiCh means it WOuld (Continued on Page 3) Page 2 • THE REVIEW • January 17, 1980 RECEIVERS & AMPS TURNTABLES, ETC. Big sAvings on the moat respected names in electronics. But quantities are limited. Sohuny! PhiliJ>II AH 3861 Integrated Amplifier. Superior performance and a Wlde range of leatwes combine to make this great amp from Philips a standout value!The AH 3861 delivers a clean 60 watts RMS per channel and gives you dual power output meters, audio muting, microphone nuxing and step-detent volume. $209 I~"'"' ·;'·;+;OJ We've just finished $199 adding up our inventory and found that we've Toehiba SR 451. A belt-drive,·->_ uu•_---· single play turntable with Phase got many of aer-.omotor for~ accuracy, front controbl, a lltroboecope, and a low wow & flutter rating Nikko NR-719 AM/FM SteNe> Recoii...r:. 1979's best hi-fi of only 0.00%. $129 Nikko's ne-line is the meet advanced yet! This OIIIBtanding receiver has 35 watts RMS/ch bargains in stock,in lmlltE~dl with no mono than 0.00% tom! harmonic distcrtioo, a -live FM tuner and great styling. quantities. All stores $279 must make room for 1980 merchandise! Choose from new, demos, Dual 1257. This fully automatic belt drive record changer is precision-crafted by Dual to and used equipment... all at substantially give you performance generally associsted Toehiba SA-860 AM/FM Stereo ~... r . A hefty 50 watts RMS per channel, low prdile reduced prices. No reasonable offer r-efused! only with better single play turntables. The daoign and a digital readout tuner set the 850 straight, low·mass tonearm is mounted on a space age, four point gimbal lor optimum apart. Featwes include station preset swi~ and a reoeosed panel for less often used controls. tracking and wide cartridge adaplibility. $499 SPEAKER SAVINGS! TAPE DECKS, ETC. $149 Trcnendoua N'ringa on the mo.t aought­ CITATION SPECIAL! ADC XLM U. W1de range •· 1 SAVE ON afterapeU..nfrom the mo.tfamoua manu­ diamond rna netic. cartridge ' thia opportunity to with free rep~cement stylus! ~ STATFrOF-THE-ART! leaa! $39 ~ . Boae 901. Ortofon FFIS.. U. Alwa}'B a top name in The latest quality sound reproduction, this Danish firm version of Bose's now offers their famous sound at a modest renowned cost. top-of·the-bne $29 speaker system . Nme dnvers m each speaker Ql.Ve you an Hannan/Kardon HK 2000. Thousands of accurate ratio of these !ugh performance cassette decks have '- chrect/rellected been sold at then regular pnce of $459 D;.cwuher SC-I Stylua Cleaner. A p!eClSlon sound lor exotlng Now you can take advantage of a speoal crafted cleanmg device wtth a dense camel's spa1lal chstnbutlon. factory purchase and save over $200! Come half brush lor tl)<>~ougP, and .salQ cl!'arung of ... So efhcient 11 can be m and check out the superb specs and your cartndge's stylu,._ $5.95 run on as httle as sound I The cntlcally acclaimed Citation 19 Power 10 watts! Amplifier and 17a Preamp by Hannan/ $799 Itardon are bemg: offered together at a Consideredgr..=.,~;;.'!:.:.rd by many to be ' very speaal pnce! The Citation 19 provides LargeAd,..nt the best! Complete with a mass1ve lOOwatts RMS/ch with less than brush applicator and fluid .
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