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NEW CHRYSLER Imperial for 1982 is a two-door luxury hardtop. ‘

Chrysler hopes dashed

DETROIT (UPC) - “All the assumptions have
Chrysler Corp.’s hopes of changed and so it doesn't
creating a cash reserve of really mean much anymore,’
$300 million, recommended he said.
by the Chrysler Loan Even without the cash
Guarantee Board, have been’ offer, Larsen said Chrysler
dashed by the auto sales was paying its bills on time
slump. and has an adéquate cash

“It was a laudable goal at flow to meet current needs.
the time,” company vice He said Chrysler. which

president Wendell Larsen has received $1.2 billion of
said Wednesday. “But the $1.5 billion in federal loan
market is much worse now guarantees to stave off

than when we made the bankruptcy, has no plans to
ask for more federal funds.

projections.”

Prevent

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The financial problems of

Chrysler and the other U.S.
automakers were highlighted
last week when it was
reported that car sales in the
first 10 days of the 1982
model year plummeted to
the lowest level in 23 years.

Norm

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Carburetion
Exhaust
system
General
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830 W. 1st St.
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Marine Dr

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“transmission which used 23.2
litres per 100 kilometres.

.. The ,fuel consumption
program, administered

; jointly -by the federal
or best fuél consumption of government.. and~- car

82 ‘cars last week. ' manufacturers, showed that
The 1982 four-speed the average fuel con-
‘ manual Volkswagen Rabbit sumption °for 1982 cars

took first place with an surveyed was 8.6 litres per

estimated fuel consumption 100 kilometers, an 8.5 per

of 4.3. litres per 100° cent increase over last year
' kilometers; the best rate of and. a- 31.7 improvement
- mearly 500 cars. over 1977 averages.

The five-speed diesel
Volkswagen Jetta and five-
speed diesel Volkswagen
‘Rabbit were tied for second
place. Their éstimated
combined fuel consumption .
for city and highway driving ©
was 4.9 litres per 100:,
kilometers,

" Last place was clinched by
a Rolls-Royce Corniche with
an eight-cylinder, automatic.

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708 Marine Dr.

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