Strong sales revive Chrysler
When the latest new-car sales figures were announced last week, the results were once again gloomy. For the middle ten days of June, sales fell to an annual rate of just 5.2 million, the lowest for the period in 23 years. Only one manufacturer showed any increase at all. Chrysler's sales rose a zesty 16%.
Just six months ago, Chrysler seemed headed for bankruptcy, with $1.7 billion in 1980 losses and no certainty that the Reagan Administration would answer the company's urgent pleas for $400 million in federal...
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