European Stars and Stripes (Newspaper) - February 16, 1991, Darmstadt, Hesse Saturday february 16,1991 the stars and stripes stateside Page 7 pm has biggest 3-month loss Ever posted by . Car maker big three fourth Quarter profit and loss postings for the big three automakers for the fourth Quarter of 1990. Ford pm Chrysler lost $519 million lost $1.6 billion profit $31 million by the Washington Post general motors corp. Thursday posted a loss of $1.6 billion in the fourth Quarter of 1990, the biggest operating loss Ever recorded by a . Automaker in a three month period. The fourth Quarter results were announced just hours after the Ford motor co. Said it lost $519 million in the same Quarter. Only Chrysler corp., the smallest of the big three automakers showed a profit in the final Quarter of 1990 a $31 million that came More from aggressive Cost cutting than it did from Auto sales. Together the automakers losses in the fourth Quarter topped $2 billion making it one of their most disappointing quarters since the third Quarter of 1981, when the big three lost a total of $943.3 million. A a at a dismal glance the current earn Ings picture at the big three looks like this a pm a the company a $1.6 billion fourth Quarter loss compared with profits of $700 million in the year ago period. It comes on top of a $2.1 billion net loss in the third Quarter which stemmed mostly from the Cost of closing plants. A Ford a the company lost $519 million in the fourth Quarter compared with a profit of $314 million in the year ago period. Fords 1990 earnings of $860.1 million were 78 percent below the $3.4 billion in profits it reported for All of 1989. A Chrysler a Chrysler reported a net income of $68 million an 81 percent drop from the $359 million it earned in 1989. Chrysler a Revenue for the year was $30.6 billion Down from $35.2 billion in 1989. A amps in by the los Angeles times Santa Paula Calif. Federal investigators at the scene of a collision that killed two men and injured three others including actor Kirk Douglas said thursday Accident was caused by the failure of the pilots of both aircraft to a see and avoid each other. But while officials placed blame on both Craft they said that the Pitts aerobatic stunt plane taking off from the Santa Paula Airport in Northern Ventura county had the right of Way when it collided with the Bell Jet Ranger helicopter the helicopter which carried Douglas and Noel Blanc the son of the late cartoon voice Mel Blanc also was taking off at the time of the crash officials said. A there were four co pilots involved in the crash four sets of eyes that failed to see and avoid a said Thomas Wilcox an i Vestiga of Avith the National transportation and safety Board. Nonetheless Wilcox said a the first aircraft to take the runway according to witnesses was the Pitts. That Means the Pitts had the right of the Federal investigators spent the morning reconstructing wednesdays crash at the tiny private Airport. Wilcox said that the investigation will take a year to Complete. The two men aboard the air plane were killed instantly. They were identified As Lee Manelski 46, of Santa Paula a Well known local flyer and member of the . Aerobatic team and his student David Tomlinson 18, of thousand Oaks Calif., a licensed Pilot. Douglas was listed in fair condition Quot thursday at Cedars Sinai medical Center in los Angeles with head cuts and a possible broken rib. Blanc 52, who piloted the helicopter was in stable condition in Santa Paula memorial Hospital with Chest injuries and a leg fracture. The third occupant of the helicopter Beverly Hills Calif., police officer Michael Carra was treated at Santa Paula memorial for minor injuries and released. The crash took place wednesday afternoon As the helicopter lifted off the helipad Wilcox said. Douglas son Eric blamed Lack of a control Tower at the Airport for the Accident. But aviation officials disagreed. A Santa Paula Airport director Roger Harvey said that the airports safety record Speaks for itself. A a we be been operating since 1930 and we be had eight fatal Mes in 61 years a he said. Manelski a Twa Pilot and aerobatic Pilot died just hours before he was scheduled to address an Faa meeting at Camarillo Airport on Accident prevention. Conn., Tenn. Propose state income taxes from wire reports Connecticut and Tennessee want to join the 40 other states that collect personal income taxes. Connecticut gov. Lowell p. Weicker or said his state needs a wage tax to help erase a $2.4 billion Jiu get deficit. Tennessee finance commissioner David Mannig said his state needs the Money for teacher raises. The other eight states that done to collect personal income taxes Are Alaska Florida Nevada new Hampshire South Dakota Texas Washington and Wyoming. Oldest person Dies Palatka. Fla. Carrie White named in the guinness Book of records As the worlds oldest living person died thursday at the age of 116. White who was institutionalized much other life was born Carrie Joiner on nov. 18. 1874. She lived and worked near Tallahassee and married John White. In 1909, the Day after her 35th birthday White was admitted to the state Hospital by her husband Hospital records describe her problem As a Post typhoid she spent 75 years behind the Walls of Florida state Hospital at Chattahoochee an was released at age 109. School teen shot Seatac Wash a schoolyard teasing was blamed for the shooting thursday of a 16-year-old boy allegedly by a 14-year-old classmate police said. Jason Hood a Sophomore at mount Rainier High school was listed m serious condition at liar Barview medical Center in Seattle after surgery for a gunshot wound to the Clovest a nursing supervisor said. A 14-year-old girl surrendered to King county police after the shooting. a a. A a a a a we have been Able to determine that there has been some Type of harassment going on at school Between the boy and three girls a a police spokesman said. A leasing. Hair pulling that kind of thing a 4 killed in mine 1 St. Charles a. Emergency workers on thursday pulled the bodies of three Coal miners from a Shaft where they were trapped when the roof collapsed killing All four men inside officials said. Ljus Coal corp., owner of the mine identified the first victim As Harold Dowell a Foreman from penning on Gap. The other two bodies pulled from the rubble and the Man still inside were not Ridenti tied. 17 injured in blast Osage Beach to. A an explosion shattered windows and Walls and started a fire at a resort hotel injuring 17 people three seriously authorities said. About 600 people were attending a state Highway engineers Confer enee at the Lodge of the four sea a or i a \ 1 of. The ozarks when the blast occurred thursday night the cause has not been determined an official said. ,
