CBS Evening News for Wednesday, Oct 08, 1969
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(Studio) Accidents in high-powered cars cost 56% more than regular cars, President Ntnwide, Mutual, Dean Jeffers told Senate Committee cars were motorized missiles, Says 3-yr. loss study causes ins, rates to be raised by 50%.
REPORTER: Walter Cronkite
(DC) Subcommittee Chrm, Philip Hart test drives mini-car, aimed for urban car subscriber service, Hart takes whack at car with bat, No damage. [Ins, Ind. Spokesperson, Arthur MERTZ - says 13% of property damage and collision repair $ go to repair bumpers. That's $250 million per year Sad our technologists can't build good bumpers. Detroit has expertise. Pts, highly priced, much over list price of car,]
REPORTER: Nelson Benton
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