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Auto industry recovery remains out of reach in 1981 slump
DETROIT AP The U.S. auto industry remains mired in a three year sales slump with November sales at 431,726, down 14.4 percent from a year earlier. Production cuts, layoffs, and reduced capital spending hit GM Ford and Chrysler as imports steal market share, with a predicted recovery not before late 1982.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Chrysler Corp
Lee A. Iacocca
General Motors Corp
Arvid Jouppi
General Motors
Commerce Department
Japan
Ford Motor Co
United Auto Workers Union
Chrysler
American Motors Corp
Ford
David Healy
Drexel Burnham Lambert
New York
Healy
Congress