Word: glut
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Dates: during 1970-1979
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...recent months the auto industry has been jolted by one of the worst sales collapses in its history. Falling production has idled one-fourth of its work force and led to a glut of 1.6 million unsold cars. To get sales rolling again, the industry is now taking two expensive gambles. By the end of this month it will have spent millions in a program of cash rebates - ranging from $200 to $600 on selected models - designed to lure reluctant buyers. For the longer term, Detroit is committing billions to an overdue drive aimed at developing and producing whole...
...Deal. Generally, the price cuts are focused on the industry's glut of small cars. Typically, models carrying a list price of about $3,000 bring a $200 rebate, and those costing $4,000 or more a refund of up to $600. Under the GM plan, customers will get a rebate of $200 on compacts and subcompacts, including Chevrolet's Vega and Oldsmobile's Omega. Buyers of Chevrolet's sporty new Monza 2 + 2, or Buick's Skyhawk will receive $500. Ford is offering $200 on small economy cars such as the Pinto...
...glut of inventories is severe in this recession because companies built up unusually large inventory stocks to get ahead of inflation. The rate of inventory build-up in the last three months of 1973 was un-precedented. Inventory growth in the first half of 1974 was faster than any year since...
...game time was arranged by ABC, which split almost $500,000 between the two schools to convince them that rescheduling the contest from a 1:30 p.m. start the previous Saturday made eminent sense. Penn State finally disposed of Pitt (31-10) by midnight, but the glut of games did not end till Sunday right after a staggering total of 30 commercial-crammed hours of gridiron TV. (Some of the commercials were ordered up by network-paid stage managers, who signaled game officials when they wanted a break in the action.) Burnishing the already well-polished dictum that more...
...four-year contract with the N.F.L.; together they are providing viewers with up to three games every Sunday. In addition, this year's television schedule has been swelled by as many as four additional college and World Football League contests per week. To fight off the perils of glut and decline, the networks are redoubling their efforts to make the games glossier with replays, added camera coverage and visiting-coach commentaries. If ratings continue to sink, such remedies may not be the answer. Less football might...