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Energy Crisis / Chrysler / Lockheed #468401

NBC Evening News for Wednesday, Dec 26, 1973
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(Studio) Nixon administration expects economy downturn next year
REPORTER: John Chancellor

(New Stanton, Pennsylvania) Chrysler plant brings economy stability to small Pennsylvania town, but now Chrysler plant in trouble because of energy crisis. Work on almost completed plant halts; plant empty. [Mayor John REAGAN - recalls plans for city once Chrysler went into operation.] Now job situation extremely tight. [Tim HILL - hopes plant opens. Means job security for family if plant begins production.]
REPORTER: Robert Hager

(Burbank, California) To keep Lockheed production alive, government must subsidize corporation 2 major buyers refuse to accept planes ordered because of fuel shortage. More employees laid off; production cut more at Lockheed. [Lockheed president Carl KOTCHIAN - says production slowdown good for employees in long run. Explanation reviewed.] Lockheed searches for merger but merger unlikely.

Chancellor, John;
Hager, Robert;
Neal, Roy

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