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Ford blames government policy for auto sales slump
Henry Ford II, Ford Motor Co chairman, stated government price controls drove car price increases and slowed the auto industry's recovery from last fall's energy crisis. He projected 1975 model year sales at about 40 million if policy stays, despite a 9.3 million tally this year and a record 11.4 million in 1973. He warned prices may rise again with 1975 models and said Ford must recoup higher costs to stay in business.
MENTIONED IN THIS ARTICLE
Edward S. Lechtzin
UPI
Detroit Upi
Henry Ford II
Ford Motor Co
Ford