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Economic turbulence frames U.S. outlook in 1974
With 3 750 GM Fisher Body workers striking and Cadillac idled, automakers face a deep sales slump as 200 000 plus auto workers remain on indefinite layoffs. The Dow fell 9.93 to 769.48 while a Conference Board poll shows consumer confidence up 11 points since late last year. The government reports a $5.9 billion quarterly deficit and Ford proposes ceilings removal to ease mortgage financing.
MENTIONED IN THIS ARTICLE
General Motors
Fisher Body
Fleetwood
Cadillac
American Telephone — Telegraph Co
Detroit
Fisher
Conference Board
Commerce Department
Jay Schmiedeskamp
University of Michigan
Louis Harris & Associates
Washington
Fabian Linden