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Chrysler Posts Record First Quarter Loss in 1975
Chrysler Corp posts a $158 million after tax first quarter loss, its largest in 50 years, with worldwide vehicle sales down 24 percent to 560,000 units and dollar sales down 3 percent to $2.6 billion. Lynn Townsend cites recession and weak consumer confidence, while Ford and GM report losses and AMC warns of more red ink as imports claim market share. The company reopens the Belvidere plant after a two week idling period affecting 3,700 workers.
MENTIONED IN THIS ARTICLE
Detroitary
Chrysler Corp
Chrysler
Beause
Lynn Townsend
Cial
Ford Motor Co
American Motors
Belvidere, Ill
AMC