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Big Three auto price hikes set for 1974 models
Chrysler disclosed a model by model price increase averaging $193 per vehicle last week. GM and Ford announced increases around $188 and $192 respectively, with overall gains near four percent. Ford and Iacocca projected a drop in domestic car sales by about 1.5 million from this year’s record pace, noting small cars rising to 50 percent of sales by next year. Ford also planned over $1.1 billion in capital spending next year, including about $275 million in Michigan.
MENTIONED IN THIS ARTICLE
Chrysler
General Motors
Ford
Ovser
United States
Antiolek
Sach
Qghrys
AMC
Auto Makeans
Richard Gelien
Arket
Richarfs i
Andi Tow Cae
Stemibeng
Intives
Iacocca
Michigan