GM diesels plagued with defects in early models
A widespread diesel problem involving GM models from 1977 to 1981 sparked owner protests and lawsuits. Alan Foss bought a Cadillac Seville diesel and faced 70 repairs in three years. others report repeated engine failures and high repair costs. Consumer groups formed, lawsuits filed, and GM paid multi‑million dollars in settlements while denying widespread failure.
MENTIONED IN THIS ARTICLE
Washington (Ap
Alan Foss
Prec
Tve
Foss
General Motors
Peter and
Diane Hafferty
Seattle
Hafferty
Virginia
Oldsmobile
Dave Hudgens
Detroit
Clarence Dit~low
Consumer Group
Center For Auto Safety
Fed reports money supply drop. rate cut chances cited
The Fed’s mid January report shows money supply fell to $523.6 billion, prompting economists to say rates may soon edge lower. Irwin Kellner expects a minor one percent point decline in the next few months while the 13 week average shows a 2.6 percent annual gain.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Fed
Itses
Irwin Kellner
Uber
Kelner
House Energy and Commerce Committee
John D. Dingell
D-Mich
Dingell
Senate
Federal Communications Commission
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