Word: cars
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Dates: during 1970-1979
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...years, the great American promise was not a chicken in every pot but a big car in every garage. No more. With fuel prices edging into three digits, buyers have been thinking less about class and more about gas. As a result, car lots are clogged with 2 million unsold autos, many of them yesterday's glamorous giants, and dealers have become desperate...
...took an ostentatious train ride, boarding a special car attached to the Amtrak Metroliner at Washington's Union Station. Accompanying him were his wife Rosalynn, some White House aides and a bunch of security guards toting briefcases that concealed shotguns and automatic weapons. Aboard the special car, a red curtain separated Carter and his wife from the reporters in the rear. Behind other red curtains, Army communications specialists manned telephones and telex links that kept the President in touch with the White House. A four-car pilot train ran ahead of the Metroliner so that Secret Service men could...
...seems that every place is willing to suffer almost anything to get its picture on television or into films. Chicago, merely to smuggle itself into a new John Belushi movie, has just authorized the film company to tie up vital traffic along Lake Michigan for hours and send a car crashing through the enormous windows of the Daley Center Building...
...quarter of its normal blue-collar force. Chrysler also reported that, partly to save money, it was pulling out of a proposed joint venture with a Taiwan company to produce trucks. And lacocca disclosed that the company was considering dramatic cash rebates to customers of up to $500 a car; the aim would be to clear its staggering factory stockpile of nearly 80,000 unsold vehicles, valued at just under $700 million. Chrysler still has some 1978 models unsold, and, at current levels of demand, more than 200 days' supply of many of its 1979 cars...
...time for dividend payments to resume. Top managers could well announce token salary cuts* and the sale of the company's three corporate jets. Bankers may have to accept deferred payment and lower interest. A committee representing Chrysler dealers has offered to lend the company $50 for every car they receive-a deal that ultimately could amount to an interest-free credit totaling $120 million. lacocca has already confirmed that certain suppliers have agreed to extend terms of payment. Chrysler has also asked some to cut prices by as much...