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Car Prices #22148

ABC Evening News for Tuesday, Aug 29, 1972
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(Studio) Price Commission rejects price increase requests from General Motors Corporation and Ford on 1973 models. Auto mfrs. request increase to cover costs of safety and pollution control devices.
REPORTER: Harry Reasoner

(DC) [Price Commission chairperson C. Jackson GRAYSON - says price increase might cause excess profits for auto mfrs. May be considered at later date.

(Studio) Chrysler and American Motors request for price increase has not been decided.
REPORTER: Harry Reasoner

(Detroit, Michigan) Ford chairperson Henry Ford II astounded by cmsn's. arbitrary action. General Motors Corporation says increase request was justified. Chrysler chairperson predicts layoffs will result. [GM dealer Walt CZARNECKI - says car price freeze will stimulate new car sales.]
REPORTER: Bill Zimmerman

Reporter(s):
Reasoner, Harry;
Zimmerman, Bill
Duration:
00:02:50

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