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Economy: Auto Industry / Car Loans #120635

ABC Evening News for Friday, Feb 17, 1989
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(Studio: Ted Koppel) Report introduced.

(Saint Louis, Missouri: Charles Thomas) Problem of growing number of Americans defaulting on car loans reported; details given of industry's incentives to customers; General Motors Corporation and Ford Motor Company mentioned. [MAN - talks about auto. fins.] [Ford Motor Credit Corporation chairperson William ODOM - blames longer term loans.] Reaction of auto dealers to cutting back on incentives explained. [Car dealer Cliff WOEHLER - says people will suffer if we change system.]

Reporter(s):
Koppel, Ted;
Thomas, Charles
Duration:
00:01:40

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