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September 25, 1980 - Image 14

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Publication:
The Michigan Daily, 1980-09-25

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Page 14-Thursday, September 25, 1980-The Michigan Daily
for w~hatever jungle you're in ..
E#LL P ft
Rpants
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dab$$$i

Decline seen in

auto sales;

AMC and Renault merge

DETROIT (UPI)-Domestic car
sales in mid-September plunged 39 per-
cent below last year in anticipation of
new model introductions later this mon-
th and early in October.
Analysts said they did not regard the
sudden drop as a serious reversal of the
industry's slow climb out of the
recession that hit bottom in May.
REPORTS YESTERDAY FROM
U.S. automakers showed consumers
bought 138,113 domestically built cars
in the Sept. 11-20 period, down 38.9 per-
cent from 226,077 in the same period
last year.
The seasonally adjusted annual rate
of sales declined during the period to 5.6
million from 7.3 million in the first 10
days of the month. Previously, the an-
nual rate had been improving steadily
from a low point of 5.2 million in May.
General Motors Corp. reported sales
UNISEX
Long or Short Haircuts
by Professionals at ...
DASCOLA STYLISTS
Liberty off State.........668-9329
East U. at South U........62-354
Arborand.............971-9973
Maple Village.......... 761-2733

for the period of 83,017 cars, down 36.3
percent from 130,369 last year. Ford
Motor Co. sales declined 39.1 percentto
35,456 this year from 58,184 in 1979.
CHRYSLER CORP. registered the
largest decline, slumping 59 percent to
12,044 units from 29,381 last year, while
Volkswagen of America reported sales
of 4,296 U.S.-built Rabbits, up 28.2
percent from last year
American Motors Corp. sales were
estimated at 3,300 units, representing a
decline of 31.1 percent from last year.
AMC reports sales only at the end of
each month.
A GM spokesman said the huge
drop-one of the No. 1 automaker's
most severe of the year-is regarded as
a normal prelude to the new model in-
troduction date. GM formally in-

troduces its 1981 models today, while
last year's introduction date was in Oc-,
tober.
MEANWHILE, AMC and Renault
strengthened their partnership in a deal
that will give AMC $300 million in new
capital to finance an ambitious future
product program.
The transaction also will give the
French automaker 46 percent owner-
ship of AMC common stock by late this
year and options to purchase more.
An AMC spokesman said Renault in-
tends to limit its holdings in the No. 4
automaker to 49.9 percent, leaving
AMC with majority ownership and
operating control of the corporation.
AMC ALSO WILL benefit by the for-
mation of its own financing company,
one of its long-sought goals.
Each of the Big Three U.S.
automakers has its own financing arm,

and AMC's version-which it will call
American Motors Financial Corp.-will
provide credit at first to AMC and
Renault dealers and eventually to the
car-buying public.
"I am very pleased that our
association with Renault is maturing in
this way," said AMC Chairman Gerald
Meyers. "It assures AMC, its em-
ployees, dealers, and stockholders a
secure and profitable future."
AMC, which lost $85 million in the
April-June quarter and expects record
losses for the 1980 fiscal year because of
the car and truck sales slump, joined
forces with Renault last year in a par-
tnership that gave Renault greater ac-
cess to the U.S. car market and
provided AMC with technical and
financial resources to keep up with its
well-heeled U.S. comnpetitors.

SETTLEMENT PREDICTED:

Actors' strike slows TV season

Use Daily Classifieds-764-0557

HOLLYWOOD (UPI)-The shattered
1980-81 television season will probably
straggle to the air one and two shows at
a time during November and Decem-

ber-but no sooner-producers and
striking actors said yesterday.
The actors and producers, in the 10th
week of a strike that has halted almost

3 1

all Hollywood production, were still op-
timitic that a satisfactory contract
agreement would be reached by week's
end.
BOTH SIDES already agree on one
point-that the new television, season
will not get into full swing before
December.
When filming does resume, new
shows will be rushed to the networks as
soon as possible. Taped sitcoms wil[
be the first to return. Filmed hour .dr-
mas will be the last.
"Even if we reach a contract
agreement Friday, I don't see how the.
new shows could be delivered in less
than six or eight weeks," said Kim
Fellner of the Screen Actors Guild. .
"ADD IT ALL up. It takes two or,
three weeks to mail and tally the
ratification ballots among guild mem-;
bers. The studios need a week to gear
up for production. Then it takes a week
to produce a half-hour show and
another two or three weeks of post-*
production. By that time it's Decem-
ber."
She noted that, the SAG Board of
Directors will decide whether actors
can go back to work on an interim basis
during the ratification balloting.
"The producers are hesitant about
starting up unless they feel assured
there is a very strong indication the
membership will ratify the proposed
contract," she said.
FRANK WELLS, president of War-
ner Bros. which produces the "Alice''
and "Flo" series, said, "We haven't
decided what to do yet. But I don't like
the idea of sitting around waiting while
the vote is being taken."
Grant Tinker, president of MTM En-
terprises, which puts out "Lou Grant"
and "WKRP In Cincinnati," said, "We
can't afford to go ahead again and then
hve the actors close us down by failing
to ratify the agreement."
Barbara Brogliatti, vice president of
TAT Productions, which produces "The
Jeffersons," and "Archie Bunker's
Place," said, "It will be up to the in-
dividual producer whether he wants to
risk going back into production while
the guild membership votes. I should
think they could get the tally in. two
weeks."
Further'delay of the TV season is an-
ticipated by some SAG members who
vow to observe picket lines by the
American Federation of Musicians
who also are striking the producers
Both actors and producers speculated
on rank and file SAG observance of
musician picket lines. If the majority of
TV stars honor picketing musicians, the
new season could be delayed until after
the first of the year.
A new polio vaccine wasannounce$
in 1953 at Ann Arbor, Mich., by Dr.
Jonas Salk of the University of Pit-
tsburgh.

I

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far'"
r , s Money c<

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And now's a great time to buy. Take this coupon
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f~ Customer: This coupon good only on required purchase
of men's or women's waterproof, insulated boots spec-
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exchanged for cash, other coupons or certificates. Any
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Participating Retailer: Timberland authorizes retailers
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terms of this coupon offer.
Cash value 1/20 cent.
Void where prohibited, taxed or restricted or if a license
es is required.
Limit one coupon per person. Coupon expires Oct. 20,
1980. Redeem nersuant to the participation agreement.

I-

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