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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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time
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091889
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09188900.018
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1990-09-17
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BUSINESS, Page 65Business NotesAUTOMOBILESFrom Turbo To Trouble
With its turbocharged engine and curvilinear profile, the
Swedish-built Saab 900 was a chariot of choice for arrivistes of
the mid-1980s. But now Saab-Scania's auto division is hitting the
skids, largely because of intensified competition and a relatively
weak dollar that has pushed the cost of Saab's newest 9000 turbo
model to a base price of $30,795. The parent company confirmed
rumors last week that it is discussing a possible linkup with Ford,
which could give the Swedish company's finances a boost. The U.S.
automaker is believed to be particularly interested in ventures
with the Swedish company's very profitable truck division.
In another sign of red-hot rivalry in the U.S. market, General
Motors' Oldsmobile division said last week that it would adopt a
novel guarantee: Oldsmobile will allow buyers of its new cars who
are dissatisfied for any reason to return the autos within 30 days
(or 1,500 miles) for full credit on a different Olds.