PARKING will” be restricted to two hours - on Garden. Avenue -between Hope Road and Capilano Road, North Vancouver District council decided recently.

However, council decided not to implement other more radical changes in_ traffic restrictions in the lower Pemberton area, despite concerns of residents and some council members

about trafiic problems in the area.

Import

DETROIT (UPI) - Japanese import quotas have backfired because of the foreign automaker's ability to adjust sales allocations to meet American market demands, a_ leading economic forecasting firm said Monday.

In its first

published

Auction set

COLLECTOR CARS will be on the auction block this weekend at the P.N.E. Approximately 70 cars will be assembled at the North, Forum on November 27 (registration for car owners will take place at 8 a.m.), and will be on display in the evening and on the morning of November 28.

The cars will be auctioned at | p.m. on the 28th by Vintage Car Auction Canada Lid.

A weekend pass will cost $6, while admission for each day is $3.50 adult. and $1 child.

Rebate goes on

BRAMPTON, ONT. (UPC) — American Motors (Canada) Inc. said Thursday uw will extend to year's end its offer of cash = reim- bursements to purchasers of 1981 and 1982 vehicles.

Under the program started Oct. 2, purchasers of new AMC Spirit. Concord, Eagle, Jeep CJ Model or Scrambler receive a $500 rebate.

Purchasers of Cherokee, most Wagoneer and Jeep trucks receive $750 and buyers of Jeep Wagoncer Led. will receive oa $1,000 rebate.

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The only other ‘change to ‘traffic control in the area will be the installation of two stop signs at the intersection of Philip Avenue and Hope Road.

automotive forecast, Chase

Econometrics predicted the .

1982 model year will be “very weak” for domestic producers although car- makers may post strong sale of new, smail light trucks if they can win an expected price war with the Japanese.

Japanese automakers agreed last spring to a two- year, voluntary quota system set to end in April 1983, but Chase said the restraints have had a “negligible ef- fect” on boosting domestic sales and profits.

“It is not clear that the perceived initial advantage is going to materialize,” said Chase analyst William Pochiluk.

“The restraints are likely to result in the Japanese automobile manufacturers adjusting sales allocations to

Council, acting on recommendations of its traffic and safety committee,

decided not to impose truck ,

restrictions on Garden Avenue and Hope Road, not

a richer mix to improve profitability and to reduce the: vulnerability associated

with protectionist measures,” the Chase fore- cast said.

Pochiluk said the quotas could prompt the Japanese to enter the full-size and personal car markets “where the domestic producers have held the _ historical ad- vantage.”

The forecaster said quotas likely will be rolled back but only when there is “a sha acceleration in the domestic market.”

He said this upturn will

occur next spring if the economy improves. However, the firm

predicted car sales of 9.3 million units for the 1982 model year—7 milhon by domestic automakers and

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to place parking restrictions on 17th Street and not to install traffic signals at Garden and Marine. However, some council members wanted more

quotas don’t work —

2.3. million by foreign producers. Automakers sold 11 millioncars in the peak 1978 model year.

Chase credited the gloomy forecast to the overall economic downturn, high car prices, depressed fleet sales and “the ability of the 1982 new model launch to build early momentum.”

Podiluk said economists were surprised most at poor fleet sales. In the fall of the year, fleet sales are im- portant. This has been devastating.” Pochiluk said.

He said fleet purchasers are waiting for interest rates to fall. Chase equates a 1 per cent increase in the prime rate to a loss in sales of 150,000 units.

Bs

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B23 - Wednesday, November 25, 1981 - North Shore News

ged

action on what they feel is a

- problem with traffic in the area. Alderman John Lakes .

accused the traffic com-

mittee of not doing its job, -

and Mayor Don Bell said he couldn’t support the motion not to install traffic signals. “That_ (traffic ‘signals . -at Gardenand ‘Marine) is the key point to control of traffic in‘the Pemberton area, ” said . Bell. ' Alderman Peter

not to restrict parking on “17th, contending

on the street two driveways were partially blocked.

In August District council decided to proceed with phase one of the Lower Pemberton Area Initiative, which involves the con- struction of Garden Avenue from Capilano Road _ to Marine, Hope Road from Capilano Road to Bridgman and the construction of Tatlow, Bowser, McGuire and Philip north of Hope Road. . be

Hope Road. will reconstructed between Garden and Philip.

Car Rentals Oldies but Goodies

free mileage

from $12.95 Monthly Rates 980-1515 t 708 Marine Dr.

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starting Dec, 3

Powell, ‘disagreed with the decision

that | 7 because of people parking”

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The District will review the need for. traffic:signals at Garden and Marine in 1982. after the road improvements

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New spark plugs j New points. * ’ New condenser .*

New rotor (as required) Heat riser valve lubricated. Battery checked

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