Word: detroits
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Love Affair. Meanwhile, the 1976 figures are especially pleasing to auto executives for several reasons. First, they reversed two years of disastrous sales decline that had led some critics of Detroit to believe, mistakenly, that the American public's longstanding love affair with the auto was ending. Second, buyers turned away from foreign cars to snap up the American makes. Import sales actually declined in 1976 to 14.3% of the total market, their smallest share in four years. Two reasons: imports are heavily concentrated in no longer popular small cars, and the rising value of the German mark...
...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...
What we hear today in Boston and Chicago and Detroit and Louisville and Washington is a plea to an outdated sentiment and an appeal to ignorance. We hear politicians saying along with the rabble and the hatemongers that to enforce rules which would provide quality education, quality housing, equal employment and social justice would be to punish the white people of America. The deep-down prejudices of too many people are being dragged to the surface and in the process submerging rational consideration and thought and understanding. What we face today is not only the same fight we have been...
...confidence, the Dow Jones average of 30 industrial stocks pierced the 1000 mark last week for the first time in three months and closed out the year at 1004.65. The Government's index of ten leading indicators posted a 1% gain in November, its best showing since June. Detroit reported new-car sales up 32.5% from a year earlier in the middle third of December...
Instead of the creation of a mini-Detroit in one corner of the country, Schumacher poses the alternative concept of "intermediate technology." Under intermediate technology, the amount of capital per man employed is closer to $250 than to $6,000 (roughly the minimum amount of capital needed to provide a workplace in a factory...