Word: cars
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Dates: during 1970-1979
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...economy than auto sales. Last week, as the year-end figures were added up, the results provided strong proof that the U.S. is in fact coming out of the prolonged business "pause" of late summer and fall. After flattening out disappointingly in October and November, in December new-car sales jumped 16% above those of a year earlier. That surge made 1976 the domestic industry's best year since 1973: U.S. automakers wound up selling 8.6 million cars, or 22% more than in 1975. What is more, most automen believe that this year will bring even better results. They...
Chrysler, which had been ailing for several years, made a spectacular comeback. Its total car sales last year leaped 31% over 1975, exceeding even GM's 28% gain. The company's revival rested largely on three handsomely styled, scaled-down autos: the Volaré, which sold 311,000 and the Aspen (232,000), which are both compacts, and the intermediate-size Cordoba (175,500), which packs a lot of luxury into a fairly small package...
...Clouds. But that difficulty hardly even clouds a mood of euphoria in Detroit. Last year total car sales, including imports, hit 10.1 million. GM Chairman Thomas Aquinas Murphy predicts 11.25 million in 1977, barely under the 1973 record; Chrysler guesses 10.8 million and Ford 10.6 million. There are sound reasons for optimism. For example, though the unemployment rate is high, the number of Americans who do have jobs is rising strongly, and most lenders will now make 48-month loans to car buyers, v. 36 months formerly; that lowers monthly payments. GM and Ford are also scheduling record spending...
Chief Asset. Though the U.A.W. will not bargain again with the auto industry until 1979, Fraser will soon face some stiff challenges. He must step up recruitment of new members to compensate for losses that the union has suffered because of automation of car plants and the move of many auto factories to Southern areas hostile to unionism. He also must placate the U.A.W.'s skilled workers, who are clamoring for the right to veto contracts even if they are acceptable to assembly line people. Fraser's chief asset in running the union will be his great popularity...
...tradition, the ceremony included prayers to Buddha and the pouring of lustral water on the heads of the young cousins by the groom's grandmother. After the rites were concluded, the bride's father added a Western touch to the event. He gave the prince a 1936 car adorned with strings of tin cans and a sign saying JUST MARRIED...