Ontario Community Newspapers

Oakville Beaver, 27 Oct 1993, p. 8

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UECK chic (0 4 @ 19995 with English/Fre dictionary. 261â€"£ Fun and games Ford boss bullish on North American auto industry Make shopping a Radio Shack BIG SELECTION, LOW PRICES SsONY VHS video tape WÂ¥ 4 3â€"PaCK 412517 fi fi ) SsPECAL WR | ) purchass: Wiss 4) /% - 799 l WV L APPLY TODAY! wonnor is hoping the thi like the old saying states As the guest speake tm apes anywnere wale ten 1 in es EW [ se am typewriter ish/French 6 y. 261â€"8072 198485 W NC 499 D) SAVE $3. Lighted n&:gnifier. Dual magnification. 63â€" utive officer | 11995 . usA 11999 .. ] saying states â€" lucky. uest speaker for the 58â€"1700 Indal deale E) Sports Cassettecorder Located at 3rd Line and Rebecca in Oakville *« Telephone 827â€"0229 SCQA HOUB:MUUBY-FT s nda' 1\ o save 2%. wis: _ has 4â€"number memory flashlight. 60â€"8000 save 40% frimphone in 2 di eo or your Tavourite Mega Bass. 141â€"8074 the third time Super Sega Genesis resident an« Handy typewriter 13895 After $11 mir. rebate Sme OFFER souus orte® Waro‘s ,gventure$ with tht 199 Phone save $20 Supe $11 mit. reDalle se sa mr Bga Lenesis system ga m ol pad, TV hookâ€"up 95 ies, AC adapter, and e heagenog 2 game Afur $10 air‘v retute imes Hopedale t 18 Check the white pages for the Radio Shack store or participating dealer nearest you Coame ph 2995 F) AM/FMâ€"stereo Walkman has autoâ€"reverse cassette player stereo headphones and 10â€"statio ing. Digital tuning, LCD display. 1 JGy OQakville Chamber of C 39th Annual General Wednesday night, O‘Cont ed North American car sales would increase 9% tw w ww us @% w <b in & 149.95 \$Â¥ lt An aftordable ‘ _ cordless! ‘ SANYO â€" /. 10995 PIayer. headph M Kiddie stereo save §20 O‘Connor predict mpander n on . 431â€"80 Ccar dJ 9% to Wit tere 0se 09134 r 4 Panasonic 0°* ommerce Meeting 14â€"853 ind truck n 1.3 milâ€" preset tur SATUNGay 8073 Voy 149.95 we NE â€"p susey s i PEA L Prrrias" Peoe Pss , H en nsiniy m M es mss * % ; ~ i/ ) hssz J AST Advantage! Pro desktop computer Femd! + _ + 4MB RAM « 210MB hard drive + Local bus video i\ ZB * 3%2" and 5/« floppy drives * Builtâ€"in taxfnodem waARL * Mouse * SVGA colour monitor * Lots of great software including DOS 6.0 and Windows 3.1 2514009 1999.00 Wm EXCLUSIVE 3â€"Â¥R. 194900 Â¥II~"â€" WARRANTY . U EC G) RXDTâ€"610 AM/FM/CD/dualâ€"cassette p H) RXDTâ€"680 AM/FM/CD/dualâ€"cassette Remote control, 10â€"station memory. 1 J) SCDH44 AM/FM/dualâ€"cassette/3â€"CD to 3â€"band EQ, continuous play. 131â€"800% K) AM/FMâ€"stereo cassette personal portable. With headphones. 141â€"8066 Panasonic is your source for the highestâ€"quality stereo sound has a voice lhon units in 1994 In making his prediction, O‘Connor admitted Ford had made the same prediction for the last two years and had been proven wrong tat te Answerer/phone combination UTY DESETS d y. 131â€"8005 95 e personal K is 141â€"8066 13995 After $50 mailâ€"in rebate 44995 THE 8064 aDig StE tereo SY \KVILLE BEAVER 8Ub A) Planes. Trains. & Automotbiles B) SAVE $2. 10â€"pack of 5/4 diskâ€" ettes. 26â€"8045 Reg 1695 . sale Technophone Cellular telephone 6 months FREE WEEKENDS 3 months MESSAGE CENTRE 3 months DETAILED BILLING each time "There‘s no mystery in that," said O‘Connor. "Our forecasts are based on a consensus of the best economic indices available. When the experts are wrong â€" as they have been â€" our sales projections are wrong." Nevertheless, O‘Connor stepped out on the limb once again and preâ€" dicted the industry would see its first improvement since 1988 when a record 1,563,000 vehicles were sold. O‘Connor based his optimism on the expectations for: â€" moderate, but sustainable growth in the GDP; â€" increased employvment: He based Ford‘s increase on the steady stream of 13 new products the company will introduce over the next 24 months and the new initiatives they have launched. trucks While O‘Connor expects industry sales to increase by 9%, he has his sites set on a larger increase â€" H1%.This would raise Ford‘s vehicle share from 21% from the current 20.4%. And while the 1993â€"model year saw car and truck sales drop for the fifth consecutive year, there was some good news for Ford and other North American car companies, said REGISTERED RETIREMENT SAVINGS PLANS»] Investing in an RRSP over a long reriod of time makes sense: The onger the money stays sheltered from taxes, the greater the earning power of vour investment. How many investâ€" Ha RRSP ome investors only look at the shortâ€"term tax break that an RRSP can provide. They are usually younger investors who are not yet concerned with their retirement. The smart investor, on the other hand, also sees the longâ€"term benefits of accumulating assets in a taxâ€" sheltered plan. Bell Mobility ‘ontinuing low interest rates; ow inflation; i pent up demand for cars and Sale ends October 31/93 s/accessories/adapters not ept where indicated, Rain CJ s sold out. Radio Shack doe l or typographical errors. P ices, exclusive of any appli t 12%, your inve: rth about $240.000 d employment RRSP na v save §20 BONUS OFFER! les 4995 only nt $0) C008 RRSP can do f« ntribute $1,000 for the next 3 1CC Ir 1495 1g uded u imu l ag i0 Je of an be worth orincipal axe stme nt 10 $() O‘Connor "The good news was North American companies GM. and Chrysler â€" can "The good news was that the North American companies â€" Ford, GM, and Chrysler â€" came within oneâ€"half of one percent of their 1992â€" model year performance, while the Japanese companies took the big hit and fell by 17%," he said. According to O‘Connor, the Japanese share in the North American car market fell to 28% from 32%, while the North American companies increased their share from 61% to 65%. Why? "Higher prices for Japanese prodâ€" ucts â€" driven by the yen‘s appreciaâ€" tion â€" have been a factor. Another, and perhaps more important reason, is that product quality and customer satisfaction are turning in our favor," said O‘Connor. "Simply stated, we‘re building higher quality vehicles and offering them at lower prices than the return was 12%, you would only accumulate about $98,000, assuming a tax rate of approximately 40%., The RRSPs strength is its compounding effect over a long period of time. Coupled with a hig rate of return. a taxâ€"sheltered Lhere s a reason tor the dramatic difference. Assuming you are in a 40% tax bracket, the $1,000 you invest each year outside of an RRSP is worth only $600. Furthermore, your 10% return is in reality only 6% because vou are also taxed on the JLME3 O‘CONNOR it Th rest I$s an customer satisfaction are turning in our favor." "... product quality and for the dramatic uaranteein vings to $u RRSP will play JP n rt @enCe "That gave us 20.5% of the comâ€" bined car and truck market, up nearly a full point from 1992," said O‘Connor. "In our business, an improvement of even oneâ€"tenth of a point can start a celebration." While Ford earned a $28â€"million profit during the first six months of 1993, he expects that to drop espeâ€" cially during the fourth quarter when the Oakville plant will be down for the entire fourth quarter for retooling for the brand new Windstar minyâ€" van. ' Japanese." Despite the overall industry sales during the vear, O‘Connor said F Once the retooling is completed at the Oakville Assembly plant, O‘Connor expects a bright future for the Ford Windstar frontâ€"wheelâ€"drive miniâ€"van, built exclusively in Oakville for export to the U.S., and eventually Europe and Asia. The Windstar, which will be in dealerships early next year, is the direct result of a $1â€"billion investâ€" ment by Ford in the future of the Oakville plant. When Windstar production reachâ€" es full capacity the Oakville plant will be turning out 75 vehicles an hour, said O‘Connor, compared to 60 an hour for the Tempo and Topaz vehicles previously built at the plant. The best bet lies in equity or growth mutual funds, such as those offered b Templeton Management Limitedv. They are professionally managed, diversified and liquid. While it is almost impossible to predict the fierformancc of equity funds, they ave historically performed far better over the longâ€"term than more conservative investments. The chart below demonstrates the value of saving as much as you can at a high rate of return over a long period of time â€" 30 years. Annual 5% 10% 15% When considering an RRSP, the smart investor will seek out a highâ€" yielding investment. _ While guaranteed, guaranteed investment certificates offer low rates of return. $3500 _ $232,53%6 $575,729 $1.521,608 $7500 _ $498,.291 $1.233,705 $3260589 $12,500 $830.486 $2,056,175 $5434,314 Obviously, the sooner you begin investing in an RRSP, the longl_er and faster your money will grow. Talk to your financial planner or stock broker today to find a fund that meets your financial needs and goals. Financial Concept Securities Annual Contribution $3,500 $7500 $ InCrease Ford I¢ )( cline in )3â€"mode] 199 i

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