Word: chrysler
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Dates: during 1970-1979
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John Dunlop, head of the COLC, objected-but rather mildly. Two weeks ago, he called a 2.9% price increase by Chrysler, which had not signed the price-restraint agreement, "a display of consummate gall." He confined himself to calling the Ford increase "unwarranted" and conceded that Ford's data "indicate that costs per unit have risen above those projected." Since general wage-price controls have expired, Dunlop cannot order a rollback; to get the Ford increase canceled or reduced he would have to go to court, and it is doubtful that the White House would permit the Justice Department...
...tried to explain that the US government had already made a non-trivial, indeed perhaps historic, change in its Cuban policy by allowing GM, Ford and Chrysler subsidiaries in Argentina to sell cars and trucks to Cuba. This is quite a departure from US policy of the last decade and a half. I also indicated how it may be possible to use the informal structures of the inter-American system to reincorporate Cuba in at least some international discussions in the hemisphere. Thirdly, I commented that Kissinger's speech--as reported in the newspapers (I have not yet seen...
...temporary further bulge in living costs following the end of controls. The beginning of that bulge appeared quickly. Last week, U.S. Steel kicked up prices an average of 5.7% on its entire product line. Anaconda, Kennecott and Phelps Dodge jacked up copper prices by 18%, to 800 per Ib. Chrysler added an average of almost 3% to the price of all its cars and trucks, and Westinghouse raised the price of its light bulbs by 10%. Hedonists will be hurt: the newsstand price of Playboy will go up 25%, to $ 1.25 a copy. The annual "membership fee" charged to holders...
...Western Hemisphere's wall of isolation around Fidel Castro's Cuba is beginning to crumble. At a meeting in Washington of Foreign Ministers from nations of the Organization of American States, the U.S. State Department announced that the Argentine subsidiaries of Ford, General Motors and Chrysler may now legally export some $80 million worth of autos and trucks to Cuba...
...parts suppliers are also promoting a whole range of new products supposed to save gasoline, a more acceptable form of gas-mileage salesmanship. Ford, for example, offers for $20.95 an instrument-panel "fuel sentry" that warns a driver when he should decelerate because he is burning too much gas. Chrysler will soon offer for $10 to $12 a "fuel pacer system"-a light mounted on the fender that glows when a driver is wasting fuel by accelerating too fast. Such devices may be useful, but most drivers are likely to find that the ultimate fuel-saving gadget is a small...