Word: billions
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Dates: during 1970-1979
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...finance Chrysler. Despite five profitable years, the company has run up a net loss in the 1970s of $100 million, and more than half the red ink has come this year alone. So far the 1979 deficit totals $722 million, and the full-year loss could easily top $1 billion, an all-time record for U.S. industry...
...Chrysler has consistently failed to come up with enough models that sell well, and its share of the U.S. auto market has slumped from 14% three years ago to 11% now. The firm's total indebtedness, including that of its financial affiliate, now stands at more than $5 billion, spread among some 250 different banks and other institutions, and lenders are wary of taking on any more Chrysler debt...
...Chrysler does stand a good chance of raising the $1.5 billion that it needs to get its loan guarantee in other ways. Three likely sources of funds...
When Jimmy Carter said a trillion, did he really mean to say a hundred billion or so? And did he threaten the oil companies earlier with "punitive" legislation when he actually only had an "unfriendly" law or two in mind? These were some of the weighty issues that preoccupied the policymakers on the energy front last week, as attention continued to be focused on Big Oil's current gusher of profits...
...additional oil revenues-not profits-that the companies will receive as a result of decontrol of domestic crude oil prices over the next ten years. What Carter meant to say, the aide insisted, was that the Senate version of the windfall tax bill will leave the industry with $130 billion more in profits from decontrol than the House measure. Other aides meanwhile tried to downplay and defuse the remarks the President made a week earlier about "punitive actions" that might be taken against the oil majors if the windfall tax did not meet his expectations. A better description of those...