AM Recording Artists; FROM ENGLAND SUE Page 14-Friday, April 11, 1980-The Michigan Daily Chrysler's losses more than previo _7 - A "" . .r 4 ,... -' ' , ~-r 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- ted. 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 considered. "We're working on the details of several plans to cut costs," a Chrysler spokesman said. "We have nothing to announce now." 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. to ) ~2 SUN. APRIL 13 WITH SPECIAL GUEST ATTACK The School of Music and The 18th Century Semester Present: "The End of the 18th Centuy i"ninn''*sMusic Histoy" Dr. Otto Biba Gesellschaft der Musikfreunde, Vienna Monday, April 14-4:00 p.m. Cady Room, Stearns Building (N. Campus) 4 DOORS OPEN 8:30pm, Tickets $5 Advance School Kids Records, A Wherehougse Recods, AYpsi. A i fi it si ol ai o A CE a ( Y e f Urir 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 -FBBU 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 restaurant. so's FBR 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. TiOU "$250 millMon )usly expected 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 be reading The Daily the latest in news, sports, les affaires1. y academiques, and entertainment.. CALL 764-0558 to order your subscription today GElT I r p Y s- -Jt li ab tS 4+. ? t-- THlE 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 " STEAKS. ~ - "- ~ 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." 995-0505 EU PRETZEL BELL U - I- B I COME AS YOU ARE TO Tkasofo CoM (Lemplighter's Bi8 Brother) THE SAME FAMOUS SICILIAN PIZZA AND THE SAME GREAT LOW PRICES Tuesday: Beer Night Wednesday: Spaghetti Night Thursday: Pizza Night I it I .. - 114 E. Washington 665-3231 Every Sunday SPECIAL ITALIAN BUFFET Every Thursday SMORGASBORD FOR ONLY $495 Includes: Soup, Salad, Relish Bar and Bread i 514 E. Washington F TUE-THU 11-1 FRI & SAT 11-2 ,996-0555 SUN 11:30-1 l I ilit y . ); t\.... / Leopold Bloom's Early Dining Specials 5-6:30 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 1 i G 5333 1 c!I~e ?Ltnrb 3iht I Lunch M-F 11:30-2 Dinner 4-10 Sunday 3-8:30 662-1647 668-9290. Reservations Recommended LEOPOLD BLOOM'S 118 W. Liberty 665-33 Continental cuisine and Michigan's most extensive wine list within a warm friendly ambience 2 miles east of US23 on Plymouth Road in Dixboro L. *11 III [- - - - - - - - " Fresh ground sirloin daily I ill 11 \W111rite/ " *Your cnoice of a variety UofIN