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89-823: AM General has also been a provider of vehicles for the CUCV program carried out by the United States Armed Forces . AM General traces its roots to the Standard Wheel Company of Terre Haute, Indiana , which expanded in 1903 to include the Overland Automotive Division. In 1908, John North Willys purchased the Overland company, then based in Indianapolis, Indiana , and renamed it Willys-Overland Motors. In

178-462: A better Jew. So I decided then to begin being a better Jew. As soon as I got married, we kept a kosher house, we became much more observant. We moved to New York shortly thereafter and joined an Orthodox synagogue and the kids grew up with much more Judaism surrounding them than I ever did. Today, he strictly observes the Jewish Sabbath , spends three hours every Saturday in prayer, keeps

267-542: A portmanteau for Military Silverado , "Milcot" for military commercial off-the-shelf and "Love W" short for LUVW. The Enhanced Mobility Package (EMP) option adds an uprated suspension, 4-wheel anti-lock brakes, a locking rear differential, beadlock tires, a Tire Pressure Monitoring System (TPMS) and other upgrades. About 2,000 LSSV units have been sold to U.S. and international military and law enforcement organizations. Ronald Perelman Ronald Owen Perelman ( / ˈ p ɛr əl m ən / ; born January 1, 1943)

356-708: A 20 percent stake in Compact Video Inc., a television and film syndication company. Ronald Perelman's controlling buyout of Compact Video was in 1986. In 1989, Perelman acquired New World Entertainment , with David Charnay's Four Star Television becoming a unit of Ronald Perelman's Compact Video , later that year. Ownership of Compact Video Inc. was increased to 40% in 1989 after the buyout of Four Star International . After Compact shut down, its remaining assets, including Four Star, were folded into MacAndrews and Forbes Incorporated . In 1989, Perelman also acquired New World Entertainment with Four Star becoming

445-485: A Paris hotel lobby when both were still married: Perelman to Cohen, and Duff to Mike Medavoy . After Duff divorced Medavoy, Duff converted to Judaism and married Perelman, on January 25, 1995. She gave birth to his fourth daughter, Caleigh Sophia, before the wedding took place. When the marriage between Duff and Perelman disintegrated in 1996, custody over Caleigh became a major issue. Both Perelman and Duff wanted full custody and their prenuptial agreement did not address

534-489: A brush bar, a pintle hitch, towing/loading shackles, extra leaf springs to give them a 5/4 ton rating and a host of other small changes. All CUCV IIs have a 24 volt dual-battery starting system, the rest of the truck is 12 volt. These light utility vehicles were available with three engines: a Vortec 7.4-liter V8, a 5.7-liter V8, or Detroit Diesel 6.5 L V8. Each engine was coupled with a 4-speed automatic or 5-speed manual transmission. All CUCV IIs have full-time all-wheel drive;

623-471: A brush guard, a NATO slave receptacle/NATO trailer receptacle, a pintle hook, tow shackles and a 24/12 volt electrical system. The dashboard has additional controls and dataplates. The truck also can be equipped with weapon supports in the cab, cargo tie down hooks, folding troop seats, pioneer tools, winches, and other military accessories. In the Canadian Army these vehicles are nicknamed "Milverado,"

712-425: A company into a panic and investors into a buying frenzy. Perelman insists he seriously intended to buy every corporation he bought into. He was first accused of greenmail in late 1986 during a run at CPC International when he bought 8.2% of CPC at around $ 75 a share and indirectly sold it back to CPC through Salomon Brothers a month later at $ 88.5 a share for a $ 40 million profit. Both CPC and Perelman denied it

801-436: A completely new Joint Light Tactical Vehicle (JLTV) design, has been in production by Oshkosh Corporation since 2016. AM General was unsuccessful in its bid for this $ 30-billion 25-year contract, and it is now focused on military Humvee support (they still outnumber JLTVs by three to one) and development of a new ambulance model. AM General also acquired Department of Defense contracts for medium and heavy trucks, including

890-744: A controlling interest was purchased by Renault . US government regulations at that time forbade ownership of defense contractors by foreign governments—and Renault was partially owned by the French government. In 1983, LTV Corporation bought AM General and established it as a wholly owned subsidiary. In 1984, its headquarters moved from the American Motors AMTEK Building in Detroit , Michigan , to Livonia, Michigan , and two years later to South Bend, Indiana, where primary manufacturing operations were located. In 1992, AM General

979-481: A distributor of licorice extract and chocolate. He faced resistance from the management and investors who filed an unsuccessful lawsuit to prevent the acquisition, but Perelman prevailed. In 1983, Perelman started selling bonds to acquire the remaining 66% stake in MacAndrews & Forbes Group Inc. to take MacAndrews & Forbes Group Inc. private. Also in 1983, MacAndrews had acquired Technicolor Inc. Despite

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1068-580: A division of New World as part of the transaction. Four Star International was purchased through a golden parachute deal that was negotiated with David Charnay by Ronald Perelman after Charnay was notified of stock purchases made by Perelman in 1989. By the end of 1989, MacAndrews refinanced the Holding companies' junk bonds for standard bank loans. The bulk of New World's film and home video holdings were sold in January 1990 to Trans-Atlantic Pictures,

1157-588: A five-year period. Production began at the Mishawaka, Indiana , assembly plant in the fall of 1984 and the first deliveries were made in early 1985. The total international production by mid-1991 was more than 72,000. Since 1991, an additional 20,000 HMMWVs ordered brought total international production to 100,000 in March 1995. Late in 2000, AM General was awarded another contract for 2,962 M998A2 series trucks. The contract contained six single-year options running to

1246-521: A front-mounted winch was available as an option. When production of the CUCV II ended in 2000, GM redesigned it to coincide with civilian truck offerings. The CUCV nomenclature was changed to Light Service Support Vehicle (LSSV) in 2001. In 2005, LSSV production switched to AM General , a unit of MacAndrews and Forbes Holdings . The LSSV is a GM-built Chevrolet Silverado 1500 , Chevrolet Silverado 2500 HD , Chevrolet Tahoe , or Chevrolet Suburban that

1335-512: A funder of the election campaign of Donald Trump , giving US$ 125,000 to Trump Victory in September 2017. In 2015, Perelman donated $ 500,000 each to Super PACs supporting the presidential candidacies of Lindsey Graham and Jeb Bush . In 1995, Perelman donated to Princeton University to create the Ronald O. Perelman Institute for Judaic Studies. Other notable donations include $ 20 million to

1424-483: A joint venture with AM General's then-owner, Renco Group, to give Perelman 70% ownership. The deal reportedly cost close to US$ 1 billion. In 2008, AM General and the Vehicle Production Group (VPG), of Troy, Michigan , announced that contracts had been signed for AM General to begin producing purpose-built taxi-cabs in 2009. Actual production would not begin until October 2011. The first vehicle off

1513-563: A kosher home, and donates millions to Jewish groups and causes, particularly the Chabad-Lubavitch sect. He does not consider himself to be a member of Lubavitch. He supports them because he thinks they are Judaism's best chance for surviving and thriving in modern society. Perelman is the owner of "Près Choisis" (now called "The Creeks"), a 40-room Mediterranean-style villa on Georgica Pond in East Hampton, Long Island. It

1602-448: A large portion of his salary and benefits in the event of an injury that prevented him from being able to work; Tepperman claimed he had suffered such an injury, albeit psychologically, as a result of the effect his wife's condition had on him. His demands totaled $ 30 million. That number stems partially from Tepperman's salary, which started at $ 275,000 and rose to $ 1.2 million in 1990 and partially from his large benefits package. Perelman

1691-435: A local florist after a bill for a Bulgari bracelet arrived at their home, instead of Perelman's office. She further declared he had defrauded the owners of First Sterling Corporation (i.e. herself) by diverting thousands of dollars of company money into gifts for the florist. Faith made a very public spectacle of the divorce. Perelman responded by hiring Roy Cohn and flatly denying all her allegations. The pair quickly settled

1780-551: A majority of shares in AM General , but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal. Previously worth $ 19.8 billion in 2018, Perelman is, as of November 2022, worth $ 1.9 billion. Perelman

1869-472: A mobile command, communications or intelligence operations enclosure). The M1031 was the chassis cab. These latter trucks were all rated for heavier 3,600 lb (1,600 kg) or 3,900 lb (1,800 kg) loads, compared to the M1008s 2,900 lb (1,300 kg) load capacity. The M1028A2 (converted M1031 or m1028a1) and m1028A3 (converted M1028) models had dual rear wheels. Many M1028s were upgraded at

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1958-637: A newly formed production company founded by a consortium of former New World executives. His company MacAndrews & Forbes became a holding company with interests in a diversified portfolio of public and private companies and was still wholly owned by Perelman, who served as its chairman and chief executive officer. In 1989, one of the company's holdings was Marvel Comics , which under Perelman's watch declared bankruptcy; he sold off Marvel in 1997. MacAndrews & Forbes's current holdings include Deluxe , Revlon , SIGA Technologies, VTV, and as of late 2019, 39% of Scientific Games . However, as of Q3 2019,

2047-740: A nonprofit youth development agency serving inner-city children and teenagers. On June 3, 2011, Perelman was honored for his charitable contributions at the New York Police Foundation's 40th Anniversary Gala at the Waldorf Astoria in New York City—an event that raised $ 2.3 million for charity. Since 2013, Perelman donated $ 50 million to the NYU Langone Medical Center to create the Ronald O. Perelman Center for Emergency Services , $ 25 million to

2136-537: A partnership with MAN of Germany to build SG 220 articulated buses for US transit systems. MAN fabricated the bodyshells in Germany and shipped them to the US for AM General for final assembly. Two different lengths were offered, 55 ft (16.8 m) and 60 ft (18.3 m); 93 buses were built to the shorter length while the rest were 60 feet long. By October 1978, the company discontinued bus production with

2225-549: A performing arts center at the World Trade Center site . In May 2015, Perelman succeeded Sanford I. Weill as Chairman of Carnegie Hall. and since 2010 he has also hosted annual benefits for the Apollo Theater , raising millions of dollars annually for the legendary venue. In August 2021, Princeton University announced that it would no longer name a newly constructed student dormitory for Perelman after

2314-646: A result, some CUCVs were replaced in the 1980s and 1990s by the HMMWVs they were to augment. The U.S. military continued to keep CUCVs in active service long after their projected lifespan. CUCVs of all generations are still in U.S. service, though many M880/M890s and CUCVs have passed through military surplus sales into civilian ownership. CUCVs and LSSVs are in use as support vehicles for military police , troop transport, range control, facilities, and maintenance. In 1973 Chrysler Corporation began developing militarized adaptations of their civilian Dodge trucks. In 1976

2403-492: A second child, Ike, in May 2012. Judaism has had a strong influence on Perelman's life. He grew up in a Conservative household. The temple he went to growing up was a Reconstructionist temple, and his father donated millions to Conservative causes. He had a religious reawakening at the age of eighteen while on a family trip to Israel : I felt not just this enormous pride at being a Jew; I felt this enormous void at not being

2492-462: Is a vehicle program instituted to provide the United States military with light utility vehicles based on a civilian truck chassis. Some of the manufacturers that have provided vehicles to the U.S. military are Chrysler , General Motors (through their Dodge and Chevrolet divisions respectively), and AM General . The Commercial Off The Shelf (COTS) concept, which translated into

2581-564: Is an American banker, businessman, investor, and philanthropist. MacAndrews & Forbes Incorporated , his company, has invested in companies with interests in groceries, cigars, licorice , makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon , SIGA Technologies , RetailMeNot , Merisant, Scantron, Scientific Games Corporation , Valassis , vTv Therapeutics and Harland Clarke. He previously owned

2670-696: Is isolated from ground and connected in series with the other. These produce 24 volts with a 12 volt center tap much like the 240/120 volt domestic house distribution system. The 12 volts to ground were derived from the center tap. In 1987, GM started building a new generation of CUCV. The US Air Force initially bought small batches of these units, dubbed the CUCV II. Produced through 2001, CUCV IIs were basic civilian Chevrolet C/K , Tahoe , and Suburban units sent to another plant for "militarization" on special order. The trucks were originally white in color with gray vinyl interiors. They received CARC exterior paint (Forest Green, Desert Sand, or 3-color camouflage),

2759-447: Is powered by a Duramax 6.6 liter turbo diesel engine. As GM has periodically redesigned its civilian trucks and Sport Utility Vehicles (SUVs) from 2001 to the present, LSSVs have also been updated cosmetically. The militarization of standard GM trucks/SUVs to become LSSVs includes exterior changes such as Chemical Agent Resistant Coating (CARC) paint (Forest Green, Desert Sand, or 3-color Camouflage), blackout lights, military bumpers,

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2848-597: The M151 series , 2 1/2 ton M35 series , and 5 ton M809 series in the 1970s then the M939 series in the 1980s. In 2005, AM General was contracted to take over militarization, sales, and marketing of LSSV vehicles. Commercial Utility Cargo Vehicle The Commercial Utility Cargo Vehicle ( CUCV ; / ˈ k ʌ k v iː / KUK -vee ), later the Light Service Support Vehicle ( LSSV ),

2937-599: The M998 Series High Mobility Multi-Purpose Wheeled Vehicle (HMMWV, pronounced Humvee), a 1.25-ton truck intended to replace the M151 and other Light Utility Vehicles . The US Army awarded AM General a prototype contract in 1981 with development and operational testing conducted over a five-month period in 1982. In March 1983, AM General won an initial $ 1.2 billion contract to produce 55,000 Humvees to be delivered in five basic models and 15 different configurations over

3026-718: The Vehicle Production Group (VPG). Prior to this, AM General acted as the sole vehicle assembler for VPG. As a result of this transaction, AM General created a wholly owned company, Mobility Ventures LLC, to operate the Mobility Vehicle-1 (MV-1) business and receive all VPG assets. In 2015, production of the Mercedes-Benz R-Class began at the Mishawaka assembly plant. Without this deal, "the German automaker would likely have had to shut down production of

3115-725: The World Trade Center Memorial . In February 2008, Perelman made a $ 50 million donation to the New York Presbyterian Hospital and Weill Cornell Medical Center to create the Ronald O. Perelman Heart Institute , and to provide vital financial aid to the Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine. Perelman serves as a member of the board of directors of the Police Athletic League of New York City ,

3204-715: The "100 Greatest Living Business Minds". Perelman's first major business deal took place in 1961 during his Freshman year at the Wharton School of the University of Pennsylvania . He and his father bought the Esslinger Brewery for $ 800,000, then sold it three years later for a $ 1 million profit. Throughout Perelman's tenure at the Belmont Iron Works (later renamed Belmont Industries) he assisted his father on other deals. Their general strategy

3293-460: The 1940s, as Willys, it collaborated with Ford to develop a vehicle to US Army specifications. It then mass-produced that vehicle as "America's first four-wheel-drive, one-fourth-ton, tactical utility truck"—the Jeep of World War II fame. In 1953, Kaiser Motors purchased Willys-Overland, changing its name first to Kaiser-Willys Motor Company, and in 1963, to Kaiser-Jeep Corporation. In 1970, it

3382-467: The 24-volt generator. The gasoline engine was out of step with the military's move toward diesel engines during this time period. The lack of power steering was a hindrance in off-road, close quarters, and snow-plowing duties (although most civilian and Air Force models had power steering). Around 44,000 M880/M890s were produced during the 1976–1977 model years and were used by the Army and Air Force until

3471-614: The AM General line was the Jeep DJ -5 series—a purpose-built "Dispatch Jeep" 2-wheel drive (RWD) version of the Jeep CJ-5 —used in huge numbers as a right-hand drive mail delivery vehicle by the United States Postal Service . The AM General Metropolitan buses were manufactured for city transit use from 1974 until 1979, producing a total of 5,431 buses (including 219 electric trolley buses ). The Metropolitan

3560-598: The CUCV program, was originally intended to augment the purpose-built but expensive Gama Goat 6 x 6, 1 + 1 ⁄ 4 -ton trucks and M151 series 1 ⁄ 4 -ton "jeeps" approaching the end of their service life in the mid-1970s. Initially, Dodge D series trucks were provided in the late 1970s with several military modifications. In the mid-1980s, Chevrolet C/Ks replaced the Dodge vehicles in CUCV I and CUCV II guise. GM CUCVs were heavily redesigned in 2000 and their name

3649-499: The CUCVs used a 24-volt electrical system. It was actually a hybrid 12/24-volt system that used 24-volts under the hood for the starter, volt meter, diesel engine glow plug circuit along with the mandatory NATO slave receptacle for jump starting any 24 volt NATO vehicle, and hookups for military radios. The rest of the truck was 12-volt. It was equipped with two 12 volt batteries and two 12 volt 100 amp alternators .  One alternator

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3738-650: The Dodges were referred to as "880", "890", or most commonly called "five-quarters"; (the term "CUCV" did not appear until the 1980s when GM was contracted to replace the M880/890 trucks). The 1 + 1 ⁄ 4 ton M880-series was based on the Dodge W200 , a 3 ⁄ 4 ton capacity 4×4 civilian/commercial truck. The 880/890 had a 2,500 lb cargo rating, enabling it to have a 5 ⁄ 4 -ton load rating. The similar 1 + 1 ⁄ 4 ton M890-series

3827-515: The M880/M890 series was put into production under a large contract, intended to replace previous Dodge M37 and Kaiser Jeep M715 trucks and their variants. The M880/890 trucks were adopted as part of a drive by the U.S. military to use COTS vehicles, with appropriate modifications, where such usage was feasible. An armored variant was built by Cadillac Gage as the Ranger . For almost a decade

3916-675: The Studebaker XUV at the Chicago Auto show in 2002. GM said Avanti infringed on the Hummer looks by planning a vehicle that closely resembled the Hummer. It seemed the AM General Hummer line had gone full circle back to the original Studebaker General Products Division which was responsible for all military contracts. On August 20, 2004, it was announced that Ronald Perelman 's MacAndrews & Forbes company would form

4005-698: The University of Pennsylvania for naming rights to the quadrangle, $ 10 million to New York University to create the Ronald O. Perelman Department of Dermatology, $ 4.7 million to Princeton University to create the Ronald Perelman Institute for Jewish Studies, and $ 20 million to the Guggenheim Museum . From 2006 through 2008, Perelman donated $ 63.5 million to causes including, but not limited to: Weill Medical College of Cornell University, Stand Up to Cancer (SU2C), World Trade Center Memorial Fund and Ford's Theatre, Carnegie Hall and

4094-555: The University of Pennsylvania to create a new Center for its Economics and Political Science Departments, $ 100 million to the Columbia Business School , the graduate business school of Columbia University . The gift will be used to support the construction of new facilities in Manhattanville , including the Ronald O. Perelman Center for Business Innovation. and donated $ 75 million to revive plans to build

4183-468: The beginning and privately commissioned a vaccine in his efforts to cure her. He donated $ 20 million to the University of Pennsylvania to remodel what is now Perelman Quadrangle and, as part of that donation, had the option of renaming Logan Hall. His decision to change it to Cohen Hall dismayed some Penn faculty, alumni, and students. Patricia Duff was Perelman's third wife. The pair first met in

4272-478: The bond debt, in 1984, MacAndrews & Forbes purchased Consolidated Cigar Holdings Ltd. from Gulf & Western Industries , in addition to Video Corporation of America. The Technicolor Inc. divisions were sold off and, in 1988, its core business was sold to Carlton Communications for 6.5 times the purchase price. Using the proceeds from the Technicolor division sell off, MacAndrews & Forbes purchased

4361-411: The company had hired Goldman Sachs to help review strategic alternatives for Revlon. He has also done deals with Revlon Corporation , thrifts for $ 315 million and renamed it First Gibraltar Bank, Coleman Company , Sunbeam Products , and New World Entertainment . On February 17, 2005, Perelman filed a lawsuit against Morgan Stanley . Two facts were at issue: did Morgan Stanley know about

4450-709: The company level to M1028A2 and A3 specs—the dual wheel rear end arrangement was a result of the M1028 flipping on its side because of the high center of gravity when carrying equipment shelters. GM produced some 70,000 CUCVs from 1983 to 1986 (model years were 1984–1987), though most were model year 1984. Chevrolet continued to build CUCVs in low numbers from 1986 to 1996, mainly to accommodate military markets that needed replacements for existing CUCVs. All CUCV Is were powered by GM's 6.2 L J-series Detroit Diesel V8 engine non-emissions diesel. These were rated at 155 hp (116 kW) and 240 lb⋅ft (325 N⋅m), which

4539-861: The deal and reflected M&F Worldwide shareholders' lack of confidence. Perelman tried to pacify M&F Worldwide's shareholders with a $ 15 million settlement, but the judge rejected it as grossly inadequate. Ultimately, Perelman agreed to undo the deal. Perelman hired Fred Tepperman as his CFO after Tepperman left Warner Communications in 1985. Starting with Pantry Pride, Tepperman worked on every single business deal Perelman orchestrated throughout Tepperman's seven-year stint at MacAndrews & Forbes. Tepperman's tenure came to an abrupt end just after Christmas in 1991 when Perelman fired him for being derelict in his duties. Tepperman had been distracted, he claimed, by caring for his Alzheimer's -afflicted wife of 30 years. A clause in Tepperman's contract entitled him to

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4628-558: The design changes for its own line as the models D800 and E800 . Buses were built in lengths of either 35 ft (10.7 m) or 40 ft (12.2 m), and widths of 96 in (2,438 mm) or 102 in (2,591 mm). The model numbers reflected the chosen dimensions; for example, model "10240" indicated a 102-inch wide, 40-foot long bus. Suffixes "A" or "B" were used for later models to indicate certain options. In total, 3,571 40-foot diesel buses and 1,641 35-foot diesel buses were produced. In 1977–1979, AM General also worked under

4717-453: The divorce with an estimated payout to Faith in excess of $ 8 million. Perelman met his second wife, Claudia Cohen , in 1984 at Le Cirque . They had one daughter together, Samantha, in 1990. In August 1993, Ron filed for divorce. Claudia left the marriage with well over $ 80 million. In 2007, Claudia died after a secret seven-year battle with ovarian cancer. Perelman revealed in his eulogy at her funeral that he had known about her cancer from

4806-436: The family foundation failed to make payments on a pledged $ 65 million donation. In the late 1980s, Perelman was accused of engaging in greenmail . "Greenmail" occurs when someone buys a large block of a company's stock and threatens to take over the company unless he is paid a substantial premium over his purchase price. In the case of someone with a reputation as a corporate raider, the mere act of buying up shares could send

4895-652: The fiscal year 2007 and continues to be renewed. Nearly 250,000 units have been produced. Humvees feature full-time four-wheel drive, an independent suspension, steep approach and departure angles , 60-percent grade ability and 16 inches (406 mm) of ground clearance. More recent production models include the M1151, M1152, M1165, and M1167. As of 2015, Humvees are in use by the US Army, Marine Corps, Air Force, and Navy. The combined fleet numbers 140,000. More than 50 nations have bought these vehicles. The Humvee's replacement,

4984-641: The fundamentals of business. By the time Ronald turned eleven years old he regularly sat in on board meetings of his father's company. A 2006 article published in the Forbes 400 discusses their rough relationship in detail. Perelman first attended the Villanova School of Business for one semester before transferring to the Wharton School of the University of Pennsylvania , where he majored in business. He earned his MBA from Wharton in 1966. In September 2017, Forbes magazine named Perelman as one of

5073-506: The jury to consider Morgan Stanley guilty before the trial began. In 2007, the courts of appeal reversed the judgement. The judges declared Perelman hadn't provided any evidence showing he'd suffered any actual damage as a result of Morgan Stanley's actions. Perelman appealed, but found himself shot down by the Florida Supreme Court who dismissed it in a 5–0 decision. Undeterred even after that setback, Perelman went back to

5162-464: The last unit completed in March 1979. The total number built was just under 400 (392 or 399), the largest group by far being 150 for Seattle's Metro Transit . MAN subsequently set up its own factory for US production in Cleveland, North Carolina . Production of complete motor buses (and of any two-axle motor buses) had ended in 1978 and aside from the fitting-out of the last articulated MAN shells,

5251-515: The late 1990s. All M880/M890s were powered by Chrysler's 5.2 L 318-cubic inch gasoline engine with a two-barrel Carter or Holley carburetor . These were rated at 150 hp (110 kW) and 230 lb⋅ft (310 N⋅m). Most were equipped with the Loadflite 727 3-speed automatic transmission. The 880s used a 2-speed New Process Gear NP203 transfer case. A Dana 44 4.10:1 front axle and floating Dana 60 4:10.1 rear axle completed

5340-585: The line was presented to Marc Buoniconti, a former linebacker for The Citadel who was partially paralyzed in 1985. In May 2010, Azure Dynamics announced it had chosen AM General to assemble its electric drivetrain for Ford Transit Connect vehicles for the North American market at its Livonia, Michigan, factory. In September 2013, AM General reached an agreement to purchase the United States Department of Energy 's secured loan to

5429-571: The market in 2002, and was produced until January 2009. It was designed and marketed by GM, but manufactured by AM General at the Mishawaka plant. AM General did not build the H3 model. GM was sued early in 2003 by DaimlerChrysler , owners of the Jeep brand, for the resemblance of the Hummer's seven-slot grille to Jeep's. The lawsuit was dismissed after acknowledgment of the shared corporate history of AMC and Jeep. GM in turn sued boutique automaker Avanti Motor Corporation of Cancun, Mexico after it introduced

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5518-419: The next six years. He orchestrated the purchase of Cohen-Hatfield Jewelers in 1978, his first deal as an independent investor free of his father's influence and took a loan from his wife, Faith Golding. Within a year, Perelman had sold all of the company's retail locations and reduced the company to its lucrative wholesale jewelry division, earning him $ 15 million. Perelman acquired MacAndrews & Forbes ,

5607-651: The only production in 1979 was two batches of trolleybuses (and the only such vehicles ever built by the company). These were all 40-foot (12.2 m) vehicles, model 10240T: 110 trackless trolleys for the Philadelphia trolleybus system , operated by SEPTA ; and 109 for the Seattle trolleybus system , operated by Metro Transit (now King County Metro). One of the latter has been preserved since its retirement in 2003 by King County Metro (see King County Metro fleet ). In 1979, AM General began preliminary design work on

5696-524: The other party. The judge's sealed decision means the public will never know the exact results of the case, but it's known that neither party actually won. Perelman is Caleigh's legal guardian, but Patricia has extensive visitation rights. Perelman met his fourth wife, actress Ellen Barkin , at a Vanity Fair Oscar after-party in 1999. After slightly more than a year of courtship, the two married in June 2000. All accounts indicate their five-year marriage

5785-452: The problems with Sunbeam, and was Perelman misled? After a five-week trial, the jury deliberated for two days, found in favor of Perelman, and awarded him $ 1.45 billion. The damages stung particularly because Morgan Stanley passed up Perelman's offer to settle the case for $ 20 million. Morgan Stanley maintained that the court case was improperly decided, citing the judge's decision to use Florida law over New York law and her decision to order

5874-612: The setup. The trucks were equipped with front disc brakes and rear drum brakes . They had a military-rated top speed of 70 mph (110 km/h). General Motors and AM General have produced CUCVs since 1984 in three distinct generations: CUCV, CUCV II, and LSSV. Replacing the M880/M890 series, the CUCV represented General Motors' first major light-truck military vehicle production since World War II . GM CUCVs were assembled mostly from existing heavy duty light commercial truck parts. The CUCVs came in four basic body styles: pickup, utility, ambulance body and chassis cab. The M1008

5963-495: The shares to Ralston Purina. He sold his shares to Gillette and Ralston backed out of the deal. In April 2001, M&F Worldwide bought Perelman's 83% stake in Panavision for $ 128 million. This would be unremarkable except that Perelman controlled M&F Worldwide and the price paid for his stake was four times market value. At the time, M&F Worldwide was a healthy company with an excellent balance sheet while Panavision

6052-425: The source used, Barkin's yearly alimony ranges from $ 2 million to $ 3 million, and the total payout ranged from $ 20 million to $ 65 million. In late 2007, the pair exchanged lawsuits. Part of the divorce settlement required Perelman to invest several million dollars in a film production company Barkin and her brother George (an aspiring screenwriter) had started. Perelman made only one of the payments, claiming that there

6141-444: The subject of child support. Initially private, the divorce proceedings were opened to the public at the request of Duff. Neither party emerged with their reputations unscathed. The court psychiatrist found Duff to be paranoid and narcissistic and Perelman to have serious anger management issues, Perelman caught a great deal of flak for testifying that it cost about $ 3 a day to feed his daughter, and both sides alleged physical abuse by

6230-401: The trial court and asked for the case to be reopened because the hiding of email evidence was "a classic example of fraud on the court". The trial court rejected his arguments, but as of January 2009, he is beseeching Florida's 4th Circuit to reopen the case. Bloomberg reported on September 18, 2020, that Perelman had sold his Gulfstream 650 , as well as his 257-foot yacht. Perelman was

6319-546: The vehicle, currently only sold in China." Production ended in October 2017. In July 2020, it was revealed that investment company KPS Capital Partners had reached an agreement to acquire AM General from its previous owner, MacAndrews & Forbes . AM General submitted a prototype to become the United States Postal Service 's Next Generation Delivery Vehicle , but their entry was not chosen. Another familiar product from

6408-701: The work at the South Bend plant it had recently acquired from Studebaker. American Motors Corporation (AMC) purchased the Jeep Corporation from Kaiser in 1970 when Kaiser decided to leave the auto business. In 1971, AMC made the General Products Division of Jeep (producing military trucks as well as contract and non-commercial vehicles) a wholly owned subsidiary and renamed it "AM General Corporation". American Motors ceased to function as an independent automaker in 1982 when

6497-428: The worst decision he ever made and sold his stake to Gillette later that month for a $ 34 million profit. Gillette had put word out that Ralston Purina had agreed to buy a 20% block of stock, making any attempt by Perelman to buy Gillette much more difficult. Perelman decided to sell his share to Ralston Purina, but before he did so Gillette's executives called him up, asking if he'd sell his shares to them and they'd sell

6586-712: Was 5 hp (3.7 kW) more than the emissions diesel engine of the time. They were all equipped with the TH-400 automatic . All but the M1028A1 and M1031 used the NP-208 chain drive transfer case. The M1028A1 and M1031 units had a slip-yoke rear output version of the NP-205 , which was specified mainly for its PTO capacity. The CUCV series had a governed top speed of 55 mph (89 km/h). The M1009 Blazer used 10-bolt axles (front and rear) featuring 3.08:1 gears. The rear axle

6675-414: Was a stormy one. Much of the friction arose due to Barkin's acting career and her attendant travel schedule. Perelman filed and obtained a divorce in early 2006. The press soundly mocked Perelman for his actions, the speed and timing of which suggested his real motivation was to avoid a clause in his prenuptial that would raise the amount in alimony he owed Barkin if he waited a few days longer. Depending on

6764-605: Was based on the Dodge D200 , a 3 ⁄ 4 ton capacity 4×2 civilian/commercial truck. In Canadian service, the base vehicle was the 4-speed standard transmission, Power Wagon model, which was slightly heavier and costlier than the W200. The M880/M890 had a conventional 12-volt electrical system; a separate 24-volt system was added to certain variants of the trucks to power communications units, but this precluded power steering on those units—the pump location being taken up by

6853-421: Was bleeding red ink. M&F Worldwide's other shareholders cried foul, alleging the only person who stood to benefit from the deal was Perelman and took their complaints to the courts. Perelman insisted the deal was an excellent one and in the best interest of the shareholders because Panavision was well-positioned to profit from the move to digital cinematography . The share price tumbled from six to three after

6942-833: Was born in Greensboro, North Carolina , on January 1, 1943, the son of Ruth (née Caplan) and Raymond G. Perelman . He was raised in a Jewish family in Elkins Park, Pennsylvania , and is the grandson of Litvak (Lithuanian Jewish) immigrants. With family members, he managed the American Paper Products Corporation. Raymond eventually left the company and bought Belmont Iron Works, a manufacturer of structural steel. Perelman graduated from The Haverford School in Haverford, Pennsylvania , Pennsylvania in 1962. From his father, Perelman learned

7031-561: Was built under a 1971 agreement with Flyer Industries of Winnipeg , Manitoba; AM General licensed the rights to build and market the Western Flyer D700 for the US market. The D700 itself was similar in design to the contemporaneous GM New Look buses . The front end of the D700 was restyled and thus the resulting Metropolitan was not simply a Flyer design built under license but rather a jointly designed vehicle. Flyer later adopted

7120-502: Was changed to Light Service Support Vehicle (LSSV). CUCVs are intended to perform "background" roles, providing support for frontline forces, such as cargo transport, troop transport, first aid, and communications. CUCVs are not built for direct frontline combat use, as evident by their lack of bulletproofing and protection from ordnance. Like many of the vehicle parts, the windshield , cabin glass , and body panels are civilian-grade and offer no protection from firearms or explosives. As

7209-649: Was equipped with an Eaton Automatic Differential Lock (ADL) while the front was a standard open differential. The M1008 trucks used open Dana 60 front axles, with the M1028 and M1031 variations often having a Trac-Lok limited slip. In the rear, the M1008s used the GM 10.5-inch (270 mm) 10.5" Corporate 14 Bolt Differential with No-Spin lockers (the commercial trade name for the Detroit Locker). Rear axles on M1028A2 and A3 duallies are Dana 70 HD . The axle gear ratios were 4.56:1. As with other military vehicles,

7298-594: Was greenmail despite appearances to the contrary, including what looked like an artificial price increase by Salomon shortly before they sold Perelman's shares. Another accusation of greenmailing levied against him was the best-known and stemmed from his attempt to purchase Gillette in November 1986. Perelman opened negotiations with a bid of $ 4.12 billion. Gillette responded with an unsuccessful lawsuit and public insinuations of insider trading . Perelman accumulated 13.8% of Gillette before he made what he would later call

7387-566: Was married to actress Ellen Barkin from 2000 to 2006. On October 13, 2010, Perelman married Dr. Anna Chapman, a Harvard University -educated psychiatrist. Perelman met his first wife, Faith Golding, in 1965 on a cruise to Israel. As the heir to a real-estate and banking fortune, she controlled personal wealth of around $ 100 million at the time of their marriage. After they had adopted three children—Steven, Josh, and Hope—Faith gave birth to their fourth child, Debra. Their marriage lasted until 1984, when Faith discovered Perelman's ongoing affair with

7476-421: Was no evidence the two were actually producing films. Barkin sued for her money while Perelman counter-sued, alleging Barkin and her brother had looted the film company for themselves. Four years later the lawsuits ended in a confidential settlement. Perelman began dating psychiatrist Dr. Anna Chapman, in mid-2006. In late November 2010, the couple celebrated the birth of their son, Oscar. The couple later had

7565-564: Was purchased by American Motors Corporation (AMC). In July 2020, KPS Capital Partners acquired the company. In 1964, Kaiser-Jeep purchased the Studebaker facilities on Chippewa Avenue in South Bend, Indiana , which included Studebaker's "General Products Division", along with its substantial defense contracts. At the time, Kaiser had been awarded a US$ 87 million Army truck contract, and under government pressure, agreed to perform

7654-558: Was quick to file a countersuit for fraud, claiming that Tepperman had sneakily changed the company's retirement plan in such a way that Tepperman would personally gain millions of dollars. It took over three years for the case to make it to court. The case ended with a sealed settlement. Perelman has been married five times. He married Sterling Bank heiress Faith Golding in 1965 and they divorced in 1984. His marriage to gossip columnist Claudia Cohen lasted from 1985 to 1994. He married socialite Patricia Duff in 1995 and divorced in 1996. He

7743-594: Was sold to Renco Group , which in 2002 converted it to a limited liability company . In 1984 AM General built a separate factory at 13200 McKinley Hwy in Mishawaka for HMMWV production. In 1992 AM General began marketing the HMMWV to the civilian market under the Hummer brand. In 1999, GM acquired the rights to the brand and continued production of the original civilian Hummer as the H1 until June 2006. The Hummer H2 went on

7832-543: Was the basic cargo truck, the M1010 was the ambulance, and the M1009 was a Chevrolet K5 Blazer uprated to 3 ⁄ 4 -ton capacity. With the exception of the M1009, the trucks were all rated as 1 1 ⁄ 4 ton (commonly called a "five-quarter"), even though some of them had payloads in excess of that. There were heavier-duty variants, including the M1028, M1028A1, M1028A2 and M1028A3 shelter carriers (the shelter being

7921-517: Was to purchase a company, sell off superfluous divisions to reduce debt and generate profit, bring the company back to its core business, and either sell it or hang onto it for cash flow. In 1978, twelve years after Perelman formally joined Belmont Industries, he was the vice president but he still strove for more power and influence in the company. His father Raymond told him that he had no intention of stepping down anytime soon. Perelman resigned and moved to New York. The two barely spoke to one another for

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