TIME
Besides fidgeting through an auto-industry sales dip last year, the Ford Motor Co. had to sweat out a seven-week national strike by the United Automobile Workers. Totting up the toll, the nation’s second biggest automaker last week reported 1967 sales of $10.5 billion, down from $12.2 billion in 1966. The earnings picture was even bleaker. With the strike accounting for a fourth-quarter loss of $109.1 million, Ford’s overall profits last year skidded from $621 million in 1966 to $84.1 million —a drop of 86.4%.
More Must-Reads from TIME
- How Donald Trump Won
- The Best Inventions of 2024
- Why Sleep Is the Key to Living Longer
- Robert Zemeckis Just Wants to Move You
- How to Break 8 Toxic Communication Habits
- Nicola Coughlan Bet on Herself—And Won
- Why Vinegar Is So Good for You
- Meet TIME's Newest Class of Next Generation Leaders
Contact us at letters@time.com