POLICY: Loud Backfire from Detroit

Much as they may approve of it in theory, the Ford Administration's war on inflation makes some businessmen nervous: it carries a threat that demand-dampening strategies will hurt their own sales. Last week Chrysler Chairman Lynn Townsend brought that skittishness loudly into the open. Stung by a bad start of the 1975-model year and a third-quarter Chrysler loss of $8 million, Townsend called a Detroit press conference to deliver a blistering broadside against what he considered the chief problem: Ford's program.

Townsend laid the blame for slumping auto sales about equally on tight...

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