CBS Evening News for Wednesday, Jul 02, 1980
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(Studio) Auto industry analysts said predicting lower auto product this year than during 1975 recession.
REPORTER: Dan Rather
(Detroit, Michigan) Auto product 1st 6 mos. of 1980 for Chrysler, Ford, General Motors outlined on screen; truck and bus product and Volkswagen product noted. American Motors' losses outlined; AMC said forced to get its working capital from Renault due to United States banks' reluctance to make such loans to American auto companies; necessity for Ford Motor Company to halt supplemental employee benefits to laid-off workers unless government helps reported Case of unemployed Ford worker Penelope Lewis outlined as example [LEWIS - comments.] [Ind. analyst Arvid JOUPPI - comments.] July's output said expected to hit an 8-yr. low.
REPORTER: Bob Faw
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