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December 02, 1972 - Image 2

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Publication:
Michigan Daily, 1972-12-02

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4

Page Two

THE MICHIGAN DAILY

Saturday, December 2, 1972

4~1~iI2i~J

GOVERNMENT APPROVES

~ ~ ~ .

1

GM and Ford to hike prices

WASHINGTON (UPI) - The
Price Commission yesterday prov-
ed price hikes for General Motors
Corp. and Ford Motor Co. cars and
trucks.
The panel said costs to the com-
panies due to government - re-
quired safety equipment warranted
the increases.
The decision will allow GM to
boost the average price of a 1973
model car and commercial vehic-
le by an average $54. .
Ford won a $62.55 average priceI
boost, scaled back from the $91.531
the company had requested.
The orders to the two firms
said the increase would apply on-
ly to vehicles manufactured after
Dec. 1.
The panel had turned down Ford
and GM price increase requests in
August, because the commission
felt the two companies were edg-
ing too close to their profit mar-
gin ceilings.
Both companies re-filed their
requests after their third quarter
operating figures became avail-
able.
Ford and GM based their price
increase requests on the added
cost of producing new models with
safety equipment, stronger bump-
ers and cleaner exhaust systems
required by the government.
- 1-

The commission approved the in-
creases "on a cost pass through to
the consumer basis."
In theory, this means the two
firms will not earn any profit
from the price increases but that
all the money will pay for the
added and updated equipment.
The Ford price boost equaled an
average 1.9 per cent higher price
on a new model and 1.53 per cent
for GM.
This figure applies to the full
model line of both firms and pre-
sumably some car prices could be
raised above this figure if others
were lowered.
In no case, however, can a new
car be priced more than 6 per cent
over the price of August, 1971.
Chrysler Corp. and American

Motors, the smaller two of the
"big four" auto makers, received
similar safety-related price in-
creases on Oct. 16.
Chrysler received a $60.10 per
vehicle increase and American
Motors a $75.90 boost.
The Michigan Daily, edited and man-
aged by students at the University of
Michigan. News phone: 764-0562. Second
Class postage paid at Ann Arbor, Mich-
igan 420 Maynard Street. Ann Arbor,
Michigan 48104. Published daily Tues-
day through Sunday morning Univer-
sity year. Subscription rates: $10 by
carrier (campus area); $11 local mail
(in Mich. or Ohio); $13 non-local mail
(other states and foreign).
Summer Session published Tuesday
through Saturday morning. Subscrip-
tion rates: $5.50 by carrier (campus
area); $6.50 local mall (in Mich. or
Ohio); $7.50 non-local mail (other
states and foreign).

DIAL 668-6414
e Df. I4awYreilces
G~u iLGB, the p-sy
N EXT
"DARLING" & "GRADUATE"

1

THE REAL PUBLIC
ENEMY NO.1!
+www. a. m
rrn"ai-,
umL'S ARDI

THE BLU
A-E i S!Gene Shialit, NBC-TV

2nd SMASH
H IT W EEK!
DY
OTSINGS
OBLUES

AP Photo
THIS VIETNAMESE GIRL bids farewell to a South Vietnamese lieutenant who is leaving forthe
Mekong Delta.

F 1,r2 F 'n^( . .

Kissinger, Duc confer again
on proposed cease-fire pact
WASHINGTON (R)-National se- drawals and effective supervision American officials say they be-
curity advisor Henry Kissinger of the cease-fire before Kissinger lieve Saigon wants the North Viet-
conferred with South Vietnamese and President Nixon complete U.S. namese force, estimated at 145,000,
special envoy Nguyen Phu Duc negotiating strategy this weekend reduced to a size that they can
yesterday. at the Florida White House. cope with after all U.S. forces
While the two men talked in the Kissinger is due to fly to Paris have been withdrawn within 60
White House, it was disclosed in tomorrow and resume talks with!days.
Saigon that a secret directive had North Vietnam's Politburo repre- South Vietnam has one million
been issued to South Vietnamese sentative Le Duc Tho in secret men in its armed forces.
cabinet ministers and high-level1
department heads to prepare for sessions beginning Monday. The draft agreement reportedly
aeas-e. According to American officials will call for a reduction of South
Neither the White House nor the the cease-fire agreement would re- Vietnamese as well as communist
South Vietnamese embassy in' establish the demilitarized zone at troop strength, but U.S. officials
Washington would disclose the out- the 17th parallel to serve as a think the advantage still will be'
come of the fourth Kissinger-Duc buffer zone subject to scrutiny by with the South Vietnamese.
talks to take place within three truce supervisors. The meeting between Kissinger
days. The agreement will provide for and Duc was the third in the past'
But it appeared that Duc had some reduction of North Viet- three days and came following a
made a final appeal for assurances namese forces but not all, sources CBS network news report fromI
of North Vietnamese troop with- said. Saigon which said Duc reported to
- -- - _ Thieu that the United States in-
is /we tends to sign a peace accord with

SAT. SUN.
TALES OF
MANHATTAN
Dir. Jules Duvivier. 1942
Series of episodes in the
manner of "Grand Ho-
tel," some comical, some
sad. With Charles Laugh-
ton in a great perform-
ance. An extremely popu-
lar film in its time, it de-
serves a revival.
MON.
Ch arley Chaplin
feature
THE PILGRIM
plus shorts by
CHAPLIN, LLOYD, LANG
Architecture
Auditorium

s sShows Times at Every
1:15-3:45-6:15- Wed.
8:45 p.m. 1-5 P.M.
Box Office Opens Bargain
12:45 Day
WHO IS THE MECHANIC?
Aderding ated for the public goo

$2.00 8:30
BACK BY POPULAR
DEMAND
singer-songwriter
Kate
Mc~arrigle
"like crushed diamonds
-combines control &
unrestraint."
-Michigon Daily
"A remarkable per-
formance - joyously
outrageous."
-N.Y. Times

-- PLU --
BETTY
BOOP
Pigs -
from DWAIN ESPER,
producer of "FREAKS!"
SIN ISTCR
fifRIXCST
a short on dope-smoking
in Egypt in the 1930's
APTAN
LATE SHOW 11:00 P.M.
Friday and Saturday
al seats $2.00
-6

A"w

Miners hold elections

CHARLESTON, W. Va. (UPI)
- With federal agents watching
every polling place, eight days
of balloting began across the
country's coal fields yesterday
in a court-ordered election for
the presidency of the United
Mine Workers of America (UM-
WA).
The election pitted incumbent
President W. A. "Tony" Boyle,
who could be denied the presi-
dency by the courts even if he
wins the election, against reform-
er Arnold Miller, running with
the support of the dissident
Miners for Democracy (MFD).
The 70-year-old Boyle was sen-
tenced this year to five years in
prison for making illegal politi-
cal contributions from union

funds in 1968.
If his conviction is upheld,
Boyle will be barred by federal
law from holding office.
The UMWA election is the sec-
ond union election ever super-
vised by the federal government.
Government supervision in the
election will cost taxpayers an
estimated '$4 million.
The labor department's scruti-
ny was mandated by a federal
judge after the courts found nu-
merous irregularities in Boyle's
1969 re-election over another re-
former, Joseph "Jock" Yablon-
ski, who was killed with his wife
and daughter about three weeks
after the election.
Followers of the slain insur-
gent then formed the MFD.

Hanoi and Saigon faces complete
suspension of economic and mili-
tary aid if it refuses to go along.
~' RABLE-
ECROWE
ww

i

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