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Economy / Auto Industry Bonuses, Quotas #297052

CBS Evening News for Wednesday, May 02, 1984
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(Studio) United States Trade Representative William Brock, criticizing large bonuses for United States auto execs., said predicting auto import quotas on Japanese cars will end next year; details given.
REPORTER: Dan Rather

(NYC) United States auto industry's rising profits due to Japanese quotas noted. [BROCK - feels quotas should end in light of bonuses.] Econ. burden on consumers by quotas, benefits to Japan and United States companies, explained. [Auto analyst David HEALY - notes United States consumer is bearing burden of industry's wealth.] [Ford dealer Ed MULLANE - gets sticker shock just selling cars now; blames lack of competitive process for high prices.] [Ford chairperson Philip CALDWELL - defs. quotas.] [BROCK - calls for competitive pricing.]

(Studio) Vice President George Bush's claim that Brock's comments were personal noted.
REPORTER: Dan Rather

Brady, Ray;
Rather, Dan

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