American Motors reported that it is proceeding...

American Motors reported that it is proceeding with plans to close its Toledo, Ohio, plant after failing to reach agreement with the United Auto Workers on contract concessions . . . The World Bank announced that it is reducing its interest rate on loans to developing countries to 8.23% from 8.5% for the latter half of 1986 . . . SAS has said it has made a firm order for 14 more McDonnell Douglas MD-80s, including 10 MD-87s and four MD-81s or MD-82s. Total value of the order is about $400 million.