NBC Evening News for Wednesday, Aug 21, 1974
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(Studio) General Motors Corporation stock selling at less than $40 shard for 1st time in 14 years GM makes $54 cut in 1975 car price increases Ford says he's encouraged. Since boost, more 1974 cars sold.
REPORTER: John Chancellor
(NYC) 1974 car sales double. [MAN - says decided to buy car after heard price increases] [2nd MAN - says can get it $800 cheaper now.] Dealers claim 1975 models to cost more due to clean air and safety devices. [Dealer Walter HEINGARTNER - says Washington, DC overreacted to ecology and safety issues and consumer is paying price.] Dealer says General Motors Corporation showing customer there's little else it can do about high prices.
REPORTER: Phil Brady
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