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Car Prices #224556

CBS Evening News for Tuesday, Aug 29, 1972
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(Studio) Price Commission rejects Ford and General Motors Corporation requests for increase on 1973 models.
REPORTER: Walter Cronkite

(DC) Auto mfrs. request increase prices to cover new safety and antipollution devices. Price Commission rejects bid due to corps.' profit margins. [Price Commission chairperson C. Jackson GRAYSON - rejects increase to curb inflationary expectations with psychological benefits. Denies political influence on commission decision.]
REPORTER: Bernard Shaw

(Studio) Henry Ford II angrily notes 1 branch of government tells industry to make safety and pollution improvements while another branch refuses it permission to recover costs.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter;
Shaw, Bernard
Duration:
00:02:00

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