i states”:
. president «: Of the |. "British
Columbia’ ‘Insurance _ Cor. .

VICTORIA (UPC). = British

“eventually ~: follow, -
chief Robbie - ‘Sherrell “said” :
“Wednesday. ont .

provinces “Swill

Columbia’s innovative new.
; automobile ‘imsurance....
. program | "As: attracting oor

inquiries from across Canada. *

“several American
according © “the

and”:

poration. a

“The: new. program, called.
Fundamental ‘Auto In-
surance Rating (FAIR) and
“scheduled to go into effect
next: year, .. will .. set:

example of ‘efficiency and
effectiveness

that other

ment future

By JAMES V. HIGGINS
UPI Auto Writer" ;

, born
‘was ‘iured from his. London,
‘Engiand-based - ‘job with: a

‘an -

: any. other | have ever seen in
all my: years in the i insurance: oS
business,” he said ‘at- a 2 Press:

: os ‘conference.
" Sherrell, ‘an ~ Oklahoma-
insurance executive,

U.S. imsurance
congiomerate in March last
year by an $80 ,000-a-year
offer of the corporation
presidency.

company presents

its.
recovery pian. :

DETROIT (UPI) - It was
“Chrysler. Corp's 1980. model
'. preview, but a prototype
1981 luxury car unveiled by
company president Lee H.
Iacocca stole the show. -

- That. symbolic presen-
tation. was Iacocca’s. way: of
saying the struggling No. 3
automaker intends to remain
one of the Big Three and not
retreat into a_ speciality
market: .

“We are in a fighting
mood and a_ confident
mood,” he said. “We do
know what we're doing and
we've proved that in the
past. The game plan is ‘on
schedule and we have just
begun to fight.”

The prototype car-was a
full-size, hand-built model of
Chrysler’s 1981 luxury car,
the La Strada. Among its
styling features are a grille
and front end similar (o the
Lincoln Continental Mark V
and a squared-off spare tire
bulge on the trunk.

In a wide-ranging news
conference, lacocca
detailed the steps Chrysler is
taking to cut operating costs
— some of which will be
explained to the federal
government Friday when the

_ Chrysler lost $260 million
in the first half of this year
and anticipates total 1979

losses of more than $700
million.
The company, Iacocca

said, has laid off 8,500 white-
collar employees this year in
addition to’ .28 000 _ hourly

workers and is. ‘dropping - a

car-leasing business.

It also will end its much-
criticized system of
producing cars for a sales
bank rather than building
them on dealer orders.

The sales bank method,
unique among U.S.
automakers, left Chrysler
with a crushing mid-summer
factory inventory of 80,000

unsold cars and _ trucks.
Thanks to its rebate
program, thar has been

trimmed to about 25,000,
Jacocca said.

{

“This practice has been
abolished and come hell or
high water we're never going
to do this again,” he said.

Iacocca said Chrysler has
not abandoned its push for
$1 billion in federal tax
relief, although it would
accept loan guarantees up to
$750 million suggested by
the government.

Datsun, Toyota,Mazda & Honda
“Quality Service Assured”

IKENAKAYAMA

986-5122

1189 West 16th St. .
N. Vancouver
(one block south

of Marine Drive)
just off Pemberton

BCAA APPROVED
* a
ocialists

ACBC: ae

“The new system is unlike’ ~/ driving performance, with”
the .-cost- of“ ‘blameworthy
“careless. 7
» @riving falling on’ the per-
“s petrator rather than all other .
: ‘insured: drivers. aon

Canadian provinces”

- Sheivell said. it will take

; “three years to establish’ the.
“anew system and ‘make it self-
: supporting. | He said ~ the

system is based on individual

accidents. and.

. “This new Program will set.
other .

an example : that —
will
eventually follow,” he said.
“Some. provinces, » notably

Ontario, have! already asked:

_ for detailed information < on

Can you afford to hay

how ‘the. program is., struc

tured and how it will be

‘administered. ”

' Similar requests have. been
“several

received from
American states.” he added.

FAIR. will: ‘eliminate age,

sex: and marital. status as .
factors .in ‘insurance. “rating”
. and geographic location rate.
‘differences. will also vanish, -

he said. . ;
Sherrell’ ‘said about
215,000 male vehicie-owners
or principal operators under
30 will see an average drop

in their premiums from $393

"Tada bg thw

* ” Soak as eT
card wet « vt . : wan
cer . Sok a Se)

_ Page B7, September 19, 1979-N

have their

to $280 because ‘of this and
55,000 owners under 25 will
premiums

~ Gordon Import Autos Ltd.

10th & Alma, Vancouver.

733-8105

furnace break down th

DealerNo. 5087 —~

Beret why you wreantt have ©
with the

you’v
the Gu

sls

: ‘atte’ Protection.» ee
' The Gulf Plan covers repairs or of replacement 0 of

Furnace Protection Plan.

| 24-Hour Emergency Breakdown Service.

A fumace breakdown can happen at any time. When — _
‘ot the Guit Furnace Protection Plan, you c can call

Sie 4

most mechanical furnace parts, including .
‘installation charges. Of course, all parts and

labour are guaranteed by Gulf. No worries
about costly repair bills.

-24-Point Servicing.

The plan includes an.
rofess:

chance of

ional servicing to help put your
ce in good shape for the winter.
It’s one way to save on fuel and reduce the
mace breakdown.

annual 24-point

Gulf’s Optional
Furnace Tuning.

This option, combined with our 24- -point
annual servicing, makes the Gulf plan

one of the most comprehensive available
and meets, or surpasses, government
guidelines directed at increasing the effi-

ciency of furnaces an
consumption.

Gull and Oeagn isa \

tegisteread trademark of Gull Ou
Corporation /Gult Canada Limied
Top Reed user

d reducing energy

wo)

” a iagpee

i
Zl
A

senna. < LEZ tae

PEEL:

Call the Gulf Hotline today in

VANCOUVER 437-3321

+

4
ats

Ly
AS,

SS

at SAAN

nese

OST Ss ee

reduced to an average $215.
Increases will then depend
‘on driving records, he said...

‘Deal with experience © Dealt with Quality
“e Deal with a winning team ;

mazpa fos

‘and

ve your _
1s winter? ©

ess

seo