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Government, car makers clash over price hikes
Chrysler raised prices on 1883 model cars by 84 dollars on average, prompting President Johnson to call the move excessive and an inflationary threat. Ford General Motors and American Motors were to announce 1969 model prices soon as talks with the Council of Economic Advisers continued. Auto production rose last week, while GDP, personal income, housing starts and steel output showed mixed changes.
MENTIONED IN THIS ARTICLE
New York
Chrysler Corp
Chrysler
Johnson
Arthur M. Okun
President's Council of Economic Advisers
General Motors Corp
Ford Motor Co
American Motors Corp
Council of Economic Advisers
Ford
General Motors
Commerce Department
Okun
National Industrial Conference Board
Federal Reserve Board