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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Mar 28, 1975
Page
4
U S economic indicators show February activity up for the first time in seven months with a 1.6 percent rise and a $917 million trade surplus driven by a sharp drop in oil imports. Retail sales rose 3.5 percent week over week and 7 percent year over year while auto production plans expand.
Ford plans a one week shutdown at eight plants starting Monday, with 27 550 workers on temporary layoff and 24 525 open ended layoffs down 14 percent. GM Chrysler and AMC said they will recall workers as Automotive News reports April output at 612 000 cars.
Shell Oil Co. announces a one cent per gallon increase on all grades of motor gasoline effective today. Kerosene premium diesel furnace oil jet fuel rise 1.5 cents and aviation gasoline LPG up two cents per gallon, applying to all trade classes nationwide under federal cost pass-through rules.
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