Chrysler Buys Luxury Automaker Lamborghini

On this day in 1987, the Chrysler Corporation purchases Nuova Automobili F. Lamborghini, the Bologna, Italy-based maker of high-priced, high-performance cars. Although the terms of the deal were not disclosed, the media reported that Chrysler paid $25 million for Lamborghini, which at the time was experiencing financial difficulties. Lamborghini was […]

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Soviets To Withdraw From Afghanistan

Representatives of the USSR, Afghanistan, the United States, and Pakistan sign an agreement calling for the withdrawal of Soviet forces from Afghanistan. In exchange for an end to the disputed Soviet occupation, the United States agreed to end its arms support for the Afghan anti-Soviet factions, and Afghanistan and Pakistan […]

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George Shultz Condemns Soviet Spying

Just days before he is to travel to Moscow for talks on arms control and other issues, U.S. Secretary of State George Shultz states that he is “damned angry” about possible Soviet spy activity in the American embassy in the Soviet Union. Soviet officials indignantly replied that the espionage charges […]

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