Word: gm
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Dates: during 1970-1979
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...Detroit lose its grip on the buying public? Last winter's Arab oil embargo "hit us right between the eyes," says GM Chairman Thomas A. Murphy. Consumers are still confused about what the energy crisis might do to gasoline prices and availability in the long term. At the same time, inflation has wiped out more than 5% of the public's purchasing power over the past year, while rising unemployment has also cut deeply into sales. The jobless rate stood at 7.1% in December, and it may turn out to be close to 8% for January, when...
...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...
...Nixon. 85. Nixon, in 1973. 86. Federal Reserve Board chairman Arthur Burns. 87. Time. 88. President Ford. 89. President Ford. 90. President Hoover. 91. The American invasionof Cambodia. 92. Harding. 93. Coolidge. 94. "The American Housewife." 95. Go to law school. 96. Charles Wilson,secretary of defense a d GM chairman. 97. A shanty town in the early 1930s. 98. Only F. Donald Nixon knows for sure, probably mostly cereal. 99. A Lawrence Lowell. 100. President Derek...
Dealer Bonuses. Ford and GM have no plans as yet to follow Chrysler's lead. For the moment, the two biggest carmakers are promoting sales through standard cash incentives. These are bonuses awarded to dealers for selling a certain number of cars per week or month; they enable dealers to quote bargain prices well under list to customers yet still make a respectable profit. But if Chrysler's variation helps the company cut down its 127-day stock of unsold cars-by far the largest in the industry-other carmakers might be tempted to cut prices or offer...
...goes over well, the company plans an entire series of lightweight, economical cars designed on similar lines. A.M.C.'s think-small strategy has served the company well in the past. Its 15% sales decline last year was considerably less painful than the ones suffered by the Big Three: GM (down 27%), Ford (17%) and Chrysler (21%). While luxury cars held their own, middle-size cars did poorly, and the economy segment of the market in which A.M.C. has specialized grew from 43% to 45.3% of total sales. Thus the Pacer, A.M.C. President William Luneburg believes, "is something that will...