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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jun 03, 1975
Page
7
VW, Europe’s largest automaker, announced 600 layoffs this month as part of a broad plan to move the company out of the red. At its Emden plant the 6,700 workers will drop to 6,100 with Beetle output cut to 290 per day while Golf production stays at 580.
Detroit based four automakers reported 614082 cars produced in May, the highest since last November but still the worst May in 14 years amid a continued recession slump. GM fell 4.3 percent from last May while AMC dropped 11 percent Ford 26 percent and Chrysler 33.5 percent. June outlook lowers further to about 623000.
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