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Economic Perspectives, Vol. 3, No. 6, 1977
Business Insights: Big Year for Cars and Trucks
In 1977, as in 1976, rising sales of motor vehicles have been a major factor in the general expansion of business activity. As a result, the economic health of industrial centers specializing in production of components and assembly of finished vehicles, especially in Michigan but also in other Midwestern states, has vastly improved from the low ebb of the 1974-75 recession. Some industry analysts are confident that further gains will occur in 1978.
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