TITLE

Welfare Chrysler

AUTHOR(S)
Chapman, Stephen
PUB. DATE
August 1979
SOURCE
New Republic;8/4/79-8/11/79, Vol. 181 Issue 5/6, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Comments on the problems facing automobile manufacturer, Chrysler. Financial loss incurred by the American company; Decline in the company's share of the domestic car market; Departure of chairman Lynn Townsend; Magnitude of Chrysler's operating losses and car-design spending program; Chrysler's call on the Department of Transportation to lower the fuel economy standards; Lockheed-style federal loan guarantee suggested by Chrysler; Senators Donald Riegle and Thomas Eagleton's concern about the jobs their states would lose if Chrysler folds.
ACCESSION #
11257350

 

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