(Roughly) Daily

Posts Tagged ‘K Car

Seriously ceremonial closing ceremonies…

 Border closing ceremony at Wagah (source)

The only road crossing of the India-Pakistan border is at Wagah, a village on the trunk road between Lahore and Amritsar.  A vestige of the controversial Radcliffe Line, the village was divided by independence in 1947– the eastern half of the village lies in the Republic of India; the western half, in Pakistan.

Michael Palin reports for the BBC on the border closing ceremony that’s held in Wagah at the end of each day:

As we brood over borders, we might recall that it was on this date in 1981 that Chrysler announced its 1980 results: the (then) largest annual operating loss in American history.  Lee Iacocca, who had joined Chrysler in 1978 to turn it around, had realized that the company would need help and persuaded president Carter in 1979 to back $1.5 million in federally-backed financing… which was sufficient to get the company through its nadir and into 1981– when it released the K Car and later the mini-van, which it rode to recovery.

Chrysler’s loss in 1980? $1.8 Billion…  which seems almost quaint when compared to the more recent accomplishments of, say, AOL-Time Warner: their 2002 loss was $98.7 Billion…

 K Car (Dodge Aries) (source)

Written by (Roughly) Daily

February 17, 2012 at 1:01 am