THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Friday, October 14, 1994 TAG: 9410140577
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Short : 46 lines
Ford Motor Co. said Thursday it will begin using plastic from recycled water bottles to make headlight housings for its new 1995 Ford Explorer sport-utility vehicle and 1995 Ranger pickup. The program comes as part of Ford's goal of making its vehicles more recyclable and using recycled materials to make auto components whenever possible, a spokeswoman said. Ford didn't disclose how much it expects to save annually from the program. The company said it expects using recycled plastic for the parts in the two vehicles will eliminate the need for more than 240 tons of new plastic annually. (AP) Commuter airline delays return to Norfolk
A commuter airline is delaying plans to return to Richmond and Norfolk this fall after an 18-month absence. Business Express Airlines said Wednesday it will not return to the two markets until at least next year because of logistics problems with arrival and departure times at New York's La Guardia Airport. The Portsmouth, N.H.-based airline had said it would offer three daily flights between Norfolk and La Guardia starting Sept. 12. The airline planned three daily flights between Richmond and La Guardia while operating as a regional carrier for Delta Airlines. Business Express formerly offered Delta Connection flights between Norfolk and Boston but stopped in early 1993 because passenger demand could not support the flights. A recent increase in passenger traffic at the Norfolk and Richmond airports convinced airline executives to resume service to Virginia, an official said. (AP) Crestar posts record results
Crestar Financial Corp. said Thursday that its third-quarter earnings jumped 17 percent to a record $43.6 million, or $1.15 per share. That compares to $37.2 million, or 96 cents per share, in the quarter ended Sept. 30, 1993. The Richmond-based bank holding company operates three banks and 336 banking offices in Virginia, Maryland and the District of Columbia, including more than 40 Hampton Roads offices. Crestar, one of Virginia's largest banks, had assets of $14.5 billion and deposits of $11 billion at Sept. 30. It recently agreed to buy the Newport News thrift Tidemark Bancorp. (Staff) by CNB