AUTOS: Chrysler's Optimism

To bring its 1960 cars to market, Chrysler Corp. is spending more than $350 million on design and development. Last week in Miami Beach, some 400 newsmen previewed the models to come out in October. Biggest share of the spending is for Chrysler's new economy car, the Valiant, heaviest (about 2,700 lbs.) and most powerful (100 h.p.) of the Big Three's compact cars. Styled with a sports-car slope, the Valiant seats six, gets 30 miles per gallon, has a top speed of 100 m.p.h. Among its features: a new six-cylinder engine mounted at...

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