Word: unsold
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Dates: during 1960-1969
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FRENCH CAR EXPORTS are facing more cuts because of U.S. compact competition. Renault fired 3,000 of its employees as unsold cars crowd French warehouses. Automaker Pan-hard cut its work week; Simca and Citroen plan to use some of the same production facilities to cut costs...
...killer improperly used in some cranberry bogs might cause cancer in humans. The widely publicized alarm left 66% of the '59 crop still on the market. Last week the U.S. swallowed the indignant growers' sauce, promised to pay $10 million in indemnities for the nation's unsold, uncontaminated stocks of cranberries...
Behind the industry's heady optimism lies the realization that, despite the steel strike, 1959 was a good auto year. Total output was 5,588,733 cars, a 32% gain over the 4,244,045 in 1958. Another cause of optimism was the depleted state of inventories. Unsold new cars in showrooms or in the supply line hit 976,390 on Aug. 1, but with the auto shutdowns the inventory dropped to 401,427 in December, the lowest total for the month in three years...