Word: hutchinses
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Dates: during 1980-1989
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FORD. Delays in down-sizing its cars and a cash bind have made Ford in many ways an even sicker company than Chrysler. Ford's big models are selling poorly, and it lags behind both Chrysler and GM in the production of small, front-wheel-drive cars. Says Auto...
But as sales are being made, profits are going down. Says Thomas Langenfeld of Minneapolis' Dayton Hudson chain: "Customers are responding mostly to clear-cut value and reductions. A substantial part of our sales is being achieved by cutting prices. Profits are being squeezed." Almost all the large chains...