Automakers See 1971 as a Strong Year for U.S. Car Sales
Detroit AP reports that top executives from General Motors Ford Chrysler and American Motors predict 1971 will be a strong year, potentially the best ever, with sales around 9.5 to 10 million cars. They note a likely rebound after 1970’s slump and discuss past forecast accuracy and uncertainties.
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Argus Research Corp
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Healey
Atlantic Richfield Earnings Dip for 1970 and Q4
Atlantic Richfield Co reports lower earnings for 1970 and the fourth quarter. Q4 earnings reach 59.93 million, down 8 percent from 1969. Full year earnings 205.63 million, down 10.6 percent from 230.10 million. Sales total 3.24 billion, up from 3.16 billion. Outlook for 1971 depends on economic climate and crude oil supply stability. World refined product sales averaged 831 thousand barrels daily in 1970, vs 845.9 thousand in 1969.
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Atlantic Richfield Co
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