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Chrysler #508337

NBC Evening News for Wednesday, Dec 17, 1980
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(Studio) Internal wage/price control plan said part of Chrysler survival package Lee Iacocca's press conference reported.
REPORTER: John Chancellor

(Highland Park, Michigan) Iacocca remarks summarized. [IACOCCA - speaks of problems.] Layoff of white collar workers, concession from Chrysler bankers, price freeze on purchases by company, and wage freeze said include in recovery plan. UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) said asked for 2-yr. freeze-time.] Proposed cuts said to save Chrysler $1 billion. [IACOCCA - states hoped-for response from government] Chrysler rebate plan examined. Company said seeking addl. government loan guarantees.
REPORTER: Roger O'Neil

(DC) Decision with regard to loan guarantees to Chrysler said due from Treasury Department in next few days. G. William Miller, Paul Volcker& Elmer Staats, members of loan board, reactions to loan appeal considered. Chrysler sales slump noted. [Lowell Weickler-believes Chrysler won't survive.] Treasury Secretary designate Don. Regan quoted with regard to belief the saving of Chrysler not compelling. Chrysler thought to be aided this time, but to have less chance after Reagan administration takes office.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.;
O'Neil, Roger

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