ABC Evening News for Thursday, May 08, 1980
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(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