Production and sales dropped due to a 67 - day corporate -
wide strike at GM that coincided with the introduction of the 1971 models
in late September 1970, along with a continued
declining interest
in the ponycar market fueled by skyrocketing insurance rates for high -
performance cars.
«
In an industry which is world - wide experiencing meaningful sales declines, we are pleased with the customer response to all our transformation efforts, with the sales performance, and with the potential for further growth and profitability moving forward,» said chief executive officer Heather Reisman in a statement released by the compan
In an industry which is world -
wide experiencing meaningful sales
declines, we are pleased with the customer response to all our transformation efforts, with the sales
performance, and with the potential for further growth and profitability moving forward,» said chief executive officer Heather Reisman
in a statement released by the compan
in a statement released by the company.