Quote – Lee Iacocca, then a Ford executive, and Henry Ford II, Chicago Tribune.

The conflict between government standards and market demands is increased by the rollback of petroleum prices and extension of petroleum price controls at the same time. By making gasoline cheaper, congress has encouraged consumer demand for larger cars, while at the same time imposing fuel economy standards that require stronger demand for small cars.

Lee Iacocca, then a Ford executive, and Henry Ford II, quoted from a press release the company disseminated in March of 1976 as part of their annual report. Regarding the Energy Policy and Conservation Act. Chicago Tribune.

Monday, March 29, 1976
Culprits: