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Economy / Auto Sales / Ford #65880

ABC Evening News for Thursday, May 08, 1980
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(Studio) Impact of declining sales on auto industry and Chrysler's 1st quarter loss noted; annual stkholders. meeting of Ford today reported.
REPORTER: Max Robinson

(Southfield, Michigan) 1st quarter loss in domestic operations already announced by Ford Motor Company recalled; presence of Henry Ford in audience rather than chairing meeting noted. [Chairperson Philip CALDWELL - confirms losses.] Ford's slashing of capital investment budget noted; details of rebate program given. [CALDWELL - comments.] Competition from Japanese said Ford's biggest problem; details given. United States auto makers noted meeting with President Carter next week due to situation,
REPORTER: Julie Eckhert (WXYZ film/tape)

(DC) Tip O'Neill's concern over Japanese import effects on United States auto industry reported expressed at UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) meeting [O'NEILL - addresses union.] Carter recalled rejecting such trade restrictions during his last news conference Proposed action of UAW (United Automobile, Aerospace and Agricultural Implement Workers of America) president Doug. Fraser outlined; Japan's recent requirements in airplane deal with Boeing Company recalled, Fraser rptd calling for same requirement of Japanese.
REPORTER: George Strait

Eckhert, Julie;
Robinson, Max;
Strait, George

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