20 YEARS AGO THIS WEEK: General Motors Corp. unveiled its new Chevrolet Citation and other sleek X-cars in Los Angeles with the hope that the $2.7 billion line would crack the strong sales of imported cars in the region Parsons Corp. announced a $1 billion deal for construction work to expand Arco’s oil and natural gas facilities on the North Slope of Alaska.
THE NEWSMAKER: A.B. Maheras, secretary-treasurer of Los Angeles Local 208 of the Teamsters Union, said as many as 8,000 long-haul drivers had struck 13 Southern California firms and been locked out of seven truck terminals as part of a national contract dispute.
THE NUMBERS
MARCH 29, 1979
Dow Jones Industrial Average 866.77
London gold $241/oz.
Four polyester cord tires $88
New Ford Pinto $3,499