GM official predicts rise in U S auto purchases
GM vice president Robert Lund says Americans will buy more cars in coming years, but smaller and more fuel efficient models. He notes energy concerns and a shift to efficient packaging, with 18 mpg in 1978 rising to 27.5 mpg by 1985, while family cars remain viable and luxury in smaller forms like the Seville targets Mercedes.
MENTIONED IN THIS ARTICLE
Robert Lund
General Motors
Chevrolet
Lund
Copley
Copley News Service
America
Congress
United States
Dow Jones 2 p.m. Averages Wander With Mixed Results
The 2 p.m. Dow Jones quotes show mixed moves across sectors with notable activity in industrials and utilities. Major names include Exxon, Texaco, IBM, GE, and U.S. Steel among others, reflecting a range of gains and losses on a volatile trading day.
Mixed Stock Market Early Gains Fade In New York
The Dow edged up briefly then fell 4.42 to 995.42 by 2 p.m. as trading stayed quiet on the NYSE with 11.26 million shares. Gainers led decliners overall, and no major economic news shifted the market from its indecisive spell. Auto stocks slipped amid FTC antitrust action rumors. American General Insurance held at 14% on 151,900 shares.
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New York
Federal Trade Commission
American General Insurance
Commodity Closings From Madda Trading Company
London gold at 123.30 up 0.15, IMM Sept gold 124.70 up 0.40, Aug silver 5.235 up 0.172, July platinum 183.50 up 9.50, July copper 0.772 up 0.251. July wheat 3.872 up 0.07, July corn 33.0634 up 0.94, July soybeans 7.27 up 0.20, Aug live cattle 39.80 down 0.80, July live hogs 49.02 down 1.03, July pork bellies 71.42 down 1.30, July eggs 0.54 up 0.5, May Maine potatoes 8.30 up 0.30, July plywood 146.80 down 6.00, July cotton 0.913 up 0.0224, July sugar 0.1555 up 0.006.
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