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• USA VEHICLE RECALLS General Motors is recalling 11,200 late-model

20th August 1987, Page 22
20th August 1987
Page 22
Page 22, 20th August 1987 — • USA VEHICLE RECALLS General Motors is recalling 11,200 late-model
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Which of the following most accurately describes the problem?

cars and 170 transit buses to correct possible defects in their braking systems and headlights.

Wall Street Journal, 30 July.

MERGER OK

The US Federal Trade Commission has cleared the way for the proposed $1.6 billion merger between Chrysler and American Motors by voting to drop its investigation as to whether the merger is in the public interest, allowing it to proceed. Financial Times, 6 August.

ITEL BUYS FLEXI VAN US transport equipment leasing company Itel has bought the container assets of FlexiVan in a $220m (2158 million) deal which creates the world's biggest container leasing company. Itel now has a fleet of more than 375,000 twenty feet equivalent units (TEUs) — 50,000 more than its nearest competitor.