Mobil Oil to Publish
Chinese Novel in 1990Mobil Oil Co. will translate and publish a contemporary Chinese novel for distribution in the United States, company officials announced.
Mobil each year selects a country whose literature is not well-known to Western readers. A panel of five judges will select a novel and a decision will be made in October. The novel will be published in 1990.
It is our hope that (this) will contribute to increased understanding of China by English-speaking readers everywhere, said Kerry Wark, Mobil's regional managing director.
BMW Recalls Cars
To Check Throttle
DETROIT - BMW of North America Inc. has recalled 1,256 four-wheel-drive 325iX cars to correct a possible defect that could lead to a stuck throttle, the German car importer said.
Owners were notified of the defect a month ago and most of the cars have been repaired, including 400 that have yet to be sold and were fixed at the port of entry, BMW spokesman Richard Brooks said.
BMW said the cars' dipstick tube could be bent so that the throttle can't move as far as it should and could eventually stick either open or closed. On a car with the throttle stuck closed, the engine won't run.
Holiday Corp., Bass
Form Joint Venture
MEMPHIS, Tenn. - Holiday Corp. and British company Bass PLC said Wednesday they have completed the formation of a joint venture to develop Holiday Inn hotels outside of North America.
The joint venture arrangement gives Bass the exclusive right to own, operate and license Holiday Inn hotels outside of the United States, Canada and Mexico and access to Holiday's reservation system and marketing programs.
The two also announced that Bass, maker of Bass Ale, had purchased some of Holiday Inn's international and domestic assets for approximately $454 million in cash and notes.
The international assets that Bass acquired include six Holiday Inn-owned or leased hotels, interests in another 126 hotels under joint venture, management or franchise agreements and interests in 43 hotels under development.
MIAMI BEACH, Fla. - Both domestic and imported condoms show fewer defects now than they did last year, but imports still are 50 percent more likely to leak than U.S.-produced models, a federal study shows.
Imported condoms carried a defective rate of 6.5 per 1,000, which was still a drop from last year's rate of 7.3, Dr. Doyle C. Smith of the Food and
Drug Administration said Tuesday.
Only about four in every 1,000 domestic condoms were deemeddefective, added Dr. Smith, whose agency tested 115,000 condoms for such problems as pinholes and tears.
The FDA testing that ended last month resulted in more than 30 million imported condoms being kept from distribution and 3 million domestic condoms taken off the shelves in 19 recalls.
Audi Plans to Reduce
Work Force by 2,000
MUNICH, West Germany - Audi AG, one of West Germany's leading carmakers, said Tuesday it would cut 2,000 jobs out of its work force this year, despite record sales in 1987.
The surprise announcement was the latest sign of the sluggish sales that have hurt West Germany's automobile industry over the past two years.
Car exports, particularly for high-priced luxury models, have slumped over the past two years because the strong West German mark makes German cars expensive in overseas markets.
Audi spokesman Ferdinand Piech told reporters that most of the job cuts would be made through attrition at least at first.
He said they were part of a wide-ranging cost-saving program that is aimed at cutting costs and personnel and boosting profits.
Speaking at the company's annual press conference in Munich, Mr. Piech said the decision on whether or not to resort to layoffs would depend in large part on the overall economy.
Mobil Oil to Publish