ABC Evening News for Wednesday, Aug 16, 1972
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(Studio) Nixon Admin. asks Big 4 auto mfrs. to roll back requests for price increases on 1973 models. Chrysler Bd. Chairperson Lynn Townsend calls action arbitrary and unfair.
REPORTER: Howard K. Smith
(White House) Admin. practices (surcharge on imported cars, devaluation of dollar, tax changes) funnel big profits into domestic car industry Statistics on profits cited for GM, Ford, American Motors, and Chrysler. Auto mfrs. request price increases for safety and antipollution devices. [Ralph NADER - says auto industry has asked for more than it could possibly hope to get.] [UAW President Leonard WOODCOCK - says administration will allow price rise after election.]
REPORTER: Tom Jarriel
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