Word: pantera
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Dates: during 1970-1979
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Automakers face another problem that is increasingly common in U.S. industry: domestic cars contain a variety of parts produced abroad. Ford officials announced that the price of its '72 Pinto, Capri and Pantera models will be hiked to reflect the surtax on such imported parts as engines and transmissions. But on domestically produced cars, the big three rolled back scheduled increases averaging about 5% on their entire '72 line. The lower prices will hit hardest at financially troubled Chrysler (1970 losses: $7,600,000). Generally, Ford and G.M. officials are hoping to make up for the freeze with rapidly increasing...