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Detroit Auto Sporty Cars Backfire In 1970 Market
Detroit's push for high powered sporty cars in 1970 shows signs of harming demand as inventories rise. Chrysler cuts 17,800 workers for four days amid sectorwide surplus while 1970 Javelin AMX Camaro Firebird Barracuda exceed 100 days supply. University of Michigan economist George Katona warns of 3 to 10 percent 1970 car sales drop as consumer sentiment softens. Ward's Automotive Reports notes 2.2 million fourth quarter production versus 2.5 million a year earlier, cautioning year start adjustments may mislead.
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Detroit
U.S
Chrysler Corp
American Motors
Automotive News
Plymouth
University of Michigan
George Katona
Katona
Ward