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United States Economy / Personal Income / Dollar Evaluation / Effects #256438

CBS Evening News for Friday, Feb 17, 1978
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(Studio) January figs. on personal income noted. Dollar devaluation against Swiss franc, German mark and Japanese yen also reported Effects of United States economy problems stated.
REPORTER: Walter Cronkite

(Bonn, West Germany) Econ. situation in West Germany and concerns of West German government with regard to further attempts to bolster dollar detailed. [Governor spokesperson Armin GRUNEWALD - describes Germany's own efforts in coping with own economy] Grunewald's statements with regard to American attempts to get national energy program stated.
REPORTER: Hal Walker

(Englewood, New Jersey) Report on German car sales in United States as contrasted to that of medium United States cars. [Volkswagen Vice President Richard MUGG - can't keep up with demand.] Prices of Volkswagen Rabbit and lowest of Mercedes-Benz models cited. [Mercedes spokesperson Siegfried BENZEL - says even physicians comment on price hikes, but continue to buy anyway.] GM's price hike on Chevette at beginning of year, because of higher prices of imported model competitors, reported.

(Studio) FTC (Federal Trade Commission) announcement of intention to investigate possible price-fixing among GM, Ford Motors and Chrysler, as well as other practices, noted.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter;
Walker, Hal

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