Chrysler unveils pickup prototypeWith a bow to the styling...

BUSINESS DIGEST

January 06, 1993

Chrysler unveils pickup prototype

With a bow to the styling of over-the-road big-rig trucks, Chrysler Corp. yesterday displayed a prototype of a full-size pickup truck it plans to start building this summer.

The 1994 Dodge Ram pickup will be the first mechanically updated vehicle of its kind from Chrysler in 22 years, a period in which Ford Motor Co. and General Motors Corp. have dominated the pickup market.

Gene additive to get FDA review

Succumbing to pressure from consumer advocates and celebrity chefs, Calgene Inc. said yesterday that it had asked the U.S. Food and Drug Administration to approve as a food additive a gene implanted in tomatoes to retard spoilage. The request came despite a May ruling by the FDA that genetically engineered foods do not require special approval or labeling.

But that ruling, and the imminent marketing of Calgene's Flavr Savr tomato, created a storm of protest, including a petition signed by 1,500 chefs across the country and a threatened boycott of bioengineered foods.

Kuwait plans to buy U.S. tanks

The Pentagon has informed Congress of the proposed sale of $4.5 billion in M1-A2 tanks and other military equipment to Kuwait, it was announced yesterday.

If approved by Congress as expected, the move will boost weapons-related industries in Michigan, Pennsylvania, Indiana and California. The principal contractors for the sale include General Dynamics Land Systems Division, Warren, Mich.; BMY Division, Harsco Corp., York, Pa.; General Division, LTV Missiles and Electronics Group, South Bend., Ind.; and FMC Ground Systems Division, San Jose, Calif.

MPA picks Bailey as director

Eugene R. Bailey, manager of the Maryland Port Administration's terminal operations for the past two years, has been named director of operations. He succeeds Morgan C. "Trip" Bailey, who was named MPA marketing director last month.

Woodies shows decline in losses

Woodward & Lothrop Inc., a department store chain, narrowed its third-quarter loss as sales rebounded. The company lost $13.4 million in the quarter that ended in October, compared with a loss of $14 million in the year-earlier quarter. Sales in the quarter increased to $208.5 million, from $203.8 million in the same period last year.

Woodward & Lothrop, a private company owned by real estate developer Alfred Taubman, operates 17 Woodward & Lothrop stores in the Baltimore-Washington area and 15 John Wanamaker stores in the Philadelphia area.

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