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Auto Industries / General Motors-Toyota Joint Production #528159

NBC Evening News for Thursday, Dec 22, 1983
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(Studio) Tentative approval reported given by FTC (Federal Trade Commission) to General Motors and Toyota for joint car-making venture in California. Reaction of other American car mfrs. noted.
REPORTER: Tom Brokaw

(DC) Approval of FTC (Federal Trade Commission) detailed, include comments with regard to antitrust laws. [FTC chairperson James MILLER III - comments. Notes plans for car makers to use GM's plant in Fremont, California.] [FTC commissioner Michael PERTSCHUK - states reason for opposition.] Miller noted to be Reagan administration appointed, Pertschuk a Democrat Reactions from General Motors Corporation competitors cited. [Chrysler Vice President Robert PERKINS - comments.] [GM chairperson Roger MILLER - comments.] Situation at plant in Fremont, California, mentioned. [Former UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) official John SCREMPOS - says there will be excitement when they receive firm date and call to report to work.] Comparison of planned car to Toyota Corolla stated. Concern with regard to prices outlined.
REPORTER: Robert Hager

(Studio) Chrysler President Lee Iacocca's response to merger quoted.
REPORTER: Tom Brokaw

Reporter(s):
Brokaw, Tom;
Hager, Robert
Duration:
00:02:30

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