Word: millions
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Dates: during 1960-1969
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...Commerce Department reported that in October the nation's balance of trade stumbled into a $63 million deficit. Exports fell 20% from the September level. For all of 1968, the Commerce Department expects a trade surplus of scarcely $1 billion, in sharp contrast to last year's $4.1 billion and the fat $7 billion as recently...
...outlook for capital spending has improved largely because general business conditions are looking better. Demand for steel is strong; output has climbed for four straight weeks. Sales of 1969-model autos have been racing at a record annual rate of 10.3 million cars (see story, p. 94). New factory orders rose 4% in October, the biggest improvement this year. Sales of new houses are increasing despite punitive price tags and pumped-up mortgage rates. Housing starts will probably rise from 1,290,000 in 1967, to 1,500,000 this year. Building-industry analysts anticipate about...
That harsh charge was echoed repeatedly during a three-day congressional hearing on the $25 billion-a-year auto-repair industry-a branch of U.S. business that collects an average $250 annually for each of the 100 million cars on U.S. roads. The public hearing followed an eight-month study that faulted the automakers and the nation's 400,000 auto-service outlets for the high cost and low quality of maintenance...
Just before the start of the 1960s, Edward N. Cole, then a General Motors vice president, exuberantly forecast that before the decade was over Detroit would sell 10 million cars in a year. Cole has since been promoted to the presidency of the world's biggest manufacturer, partly because of his record of seeing the future clearly, but his fellow automakers have yet to prove him right in his most optimistic prediction. This year, however, they will come tantalizingly close...
...sales will surpass the all-time peak of 9,300,000 set in 1965. Purists may note that this year's total will include about a million imports, way up from 600,000 in 1965, but that scarcely diminishes the cheer at the Detroit Athletic Club. All the automakers are marketing more than last year, when a strike at Ford stalled production, and sales amounted to 8,300,000. Ford has won a 27% share of this year's bigger market, a gain of 2.8 percentage points, mostly at the expense of General Motors, whose share...