AM Recording Artists; FROM ENGLAND
Page 14-Friday, April 11, 1980-The Michigan Daily
more than previo
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DETROIT (UPI) - Chrysler Corp.,
citing the "devastating impact" of high
interest rates, said yesterday its 1980
losses could reach $750 million instead
of the $500 million it originally predic-
It was the second recent upward
revision in Chrysler's loss estimates. In
papers filed March 14 with the
Securities and Exchange Commission,
the No. 3 automaker said it could suffer
a 1980 deficit as high as $650 million.
THE COMPANY, which lost $1.1
billion in 1979 and $205 million in 1978,
described the more somber financial
result as "likely" even though new cost-
cutting programs will be implemented.
Chrysler, which already has cut ex-
penses to the bone, refused to say what
further cost-cutting plans are being
"We're working on the details of
several plans to cut costs," a Chrysler
spokesman said. "We have nothing to
CHRYSLER HAS laid off thousands
of workers, closed four plants, imposed
pay cuts or bargained for payroll relief
from virtually all its employees, and
sold off a number of overseas holdings.
It is expected to sell additional U.S.
assets, and company officials have
acknowledged the closing of additional
plants is being considered.
SUN. APRIL 13
The School of Music and The 18th Century Semester
"The End of the 18th Centuy
Dr. Otto Biba
Gesellschaft der Musikfreunde, Vienna
Monday, April 14-4:00 p.m.
Cady Room, Stearns Building (N. Campus) 4
Tickets $5 Advance
School Kids Records, A
Wherehougse Recods, AYpsi.
Since its debut in Ann Arbor
fteen years ago, Bimbo's
owntown has been providing
s patrons with much more than
mply a great meal. Dining at
imbo's is truly an entertaining
ihd very relaxing experience.
As a person enters the
estaurant, it becomes quite
bvious that a good time is to be
ad by all. Customers are
nvited to "kick off their shoes"
nd enjoy the surroundings.
nd the decor at Bimbo's
ertainly gives one a lot to look
i.The raw barnsiding walls are
literally covered with momentos
and eye-catchers. College
pennants from all parts of the
world that have been sent in by
students who have visited the
establishment adorn the room.
Several portraits of old-time
movie stars embellish the walls,
along with bottles of Italian
wine. Beautiful Tiffany-style
lamps and overflowing ferns are
suspended from the rafters. The
bawdy atmosphere of a
rollicking, old-fashioned saloon
pervades throughout the
Adding to the decor is special
entertainment provided by an
authentic Dixieland band on
Friday and Saturday evenings.
Customers are always singing
along-another sign that
everyone is having fun.
Good food, of course, is the
main reason for Bimbo's
success. Generous portions
characterize each meal, so
smaller shares of the hearty
dinners are offered for children
under 12. Birthday celebrations
are also given for the tykes.
Bimbo's is renowned for their
delicious Italian cuisine. A
person can choose from a wide
selection of pizzas with every
topping imaginable, including a
unique Hawaiian pizza. Bimbo's
features what is probably the
city's largest collection of pasta
dishes, among them several
varieties ot spaghetti,
mostaccioli, and lasagna. These
may be ordered as part of a
complete dinner or a Ia carte.
Other Italian dinners such as
veal parmigiona are very
tempting, too. Delectable
Americandishes and seasfoods
are on the menu,in addition to a
number of tasty sandwiches. A
trip to Bimbo's huge salad bar is
permitted with every dinner, or
it can be a meal in itself.
Any of the great variety of
cocktails available are
something not to be missed.
Many different coffee
refreshments are very alluring,
and the other drinks, wines, and
champagnes are fit for a king.
Bimbo's offers daily specials
Sunday through Thursday,
including an Italian Buffet (on
Sunday) and a savory
smorgasbord (on Thursday). A
patron may find that "all you can
eat" really isn't enough to
satisfy his desires.
Everything about Bimbo's
Downtown make it the place to
go at your next opportunity to
dine out. It is located only a few
blocks from campus, and it is
always open. Best of all, the
prices are low, the service is
quick, the food is great, and you
should be prepared for the time
of your life.
The year-long auto industry slump, CHRYSLER SAID it is helping
aggravated in recent months by high dealers pay interest costs if they agree
interest rates, is the cause of Chrysler's to order a predetermined number of
worsening condition, the company said. cars. General Motors Corp. and Ford
IT SAID interest rates are "having a Motor Co. also have been forced recen-
devastating impact on the automobile tly to pay a portion of high interest
business and were causing the in- rates on wholesale purchases by their
creased losses." dealers.
Dealers cut back drastically on their The company is struggling to put
inventories after the prime interest together $2 billion in private financing
rate - the rate they pay on new car or- it needs to qualify for $1.5 billion in
ders - soared to 20 per cent, Chrysler federal loan guarantees. Chrysler
said. executives have expressed optimism
"Reduced dealer inventories, higher the $2 billion can be raised.
interest costs and dealer support Chrysler also said it plans to use at
programs will increase Chrysler's least $500 million in government-
losses by $300 million. . . forcing the backed loans in 1980.
company to make new cost reduction," "The actual amount used will depend
the company said in a statement. on future events," Chrysler said.
The wrd's out on rumpus .
If you want to be in the know, you should
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s- -Jt li
tS 4+. ?
ATTUNED TO YOUR GOOD TASTE
* Salad Bar * Steakburgerc& Variations
* Homemade soups (famous Clam Chowder)
HAPPY HOURS Mon-Sat 4-6
Restaurant Mon-Sat 11-9, Sun 4-9 994-5360
516 E. Liberty (next to Second Chance)
FOR LUNCH & DINNER
~ - "- ~ COCKTAILS
* SALAD BAR
* WINE & BEER
Mon-Sat 11:30-2 am " SEAFOOD
Sun 4-1 am ANN ARBOR NEWS-"For the fish lover
however, we have found the Whiff letree
208 W. HURON the best place in the area."
EU PRETZEL BELL
COME AS YOU ARE TO
(Lemplighter's Bi8 Brother)
THE SAME FAMOUS SICILIAN PIZZA AND
THE SAME GREAT LOW PRICES
Tuesday: Beer Night
Wednesday: Spaghetti Night
Thursday: Pizza Night
114 E. Washington
SPECIAL ITALIAN BUFFET
FOR ONLY $495
Includes: Soup, Salad,
Relish Bar and Bread
514 E. Washington
FRI & SAT 11-2
,996-0555 SUN 11:30-1 l I
Early Dining Specials
PRIME RIBS OF BEEF $7.25
Served with baked potato and salad
CHICKEN CORDON BLEU $6.25
on wild rice blend with salad
Make your graduation reservations now
c!I~e ?Ltnrb 3iht
Lunch M-F 11:30-2
118 W. Liberty
Continental cuisine and Michigan's most extensive
wine list within a warm friendly ambience
2 miles east of US23 on Plymouth Road in Dixboro
[- - - - - - - -
" Fresh ground sirloin daily
ill 11 \W111rite/ " *Your cnoice of a variety UofIN