View attachment 120965 This article is a very good but a victim of the moment. Chrysler turned things around quickly. Partly with heavy discounting and partly with a slight exonomic uptick.
I had told my self earlier when this thread was new and after a lot of comments that I would refrain from saying anything more. But in skimming the thread again, I just wanted to point out that the charts that SeaFuse added to this thread were very on point, and made the original Fortune magazine article just an over reaction to the reality that was taking place in 1969. His charts show that sales were only slightly down in 1969-70 compared to 1968, but still better than 1967, and in subsequent years, these fuselage cars that the public "didn't like" went on to soar in sales in 1972-3. Yeah profits took a hit in 1969-70, but the new models were rushed to production with many of the kinks not worked out and fixing all these problems in the field had to cost a bundle. But the charts show that sales and profits improved greatly with the later fuselage designs. I believe Fortune was too focused on profits when writing the article and got the sales reality just plain wrong based on the charts SeaFuse has shown. The real test of the accuracy of the article is time, and time proves the Fortune article just wrong as I see it. Yeah, profits sank, but it wasn't due to the sales "success" of the models, it was other factors including the economy and turning away from full size cars some other factors including not sorting things out better before production. One sentence in the article reveals their complete misunderstanding of the facts:
"It is clear," says a Chrysler director, "that the big 1969 cars were turkeys." Even now, Townsend refuses to go along with that opinion. "Styling was excellent," he contends. But while he might not agree, Townsend had to accept the public's verdict.
For the 1970 model year, the big cars were given a wider track, the front ends were lengthened, the rear ends were shortened, the grilles were changed, and the trim was altered.
The truth, however, is that only the rear track was widened, and in fact the front ends lengths stayed much the same between 1969 and 1970, and it was rather the rear ends of the cars that got
lengthed in 1970, not shortened, thus generating a more balanced proportion. And the grilles between 1969 and 1970 stayed much the same - rather it was the
rear bumpers that were heavily revised so that the loop front bumpers were finally matched in 1970 with rear looped bumpers as well that couldn't make it into production in 1969 due to timing constraints.
Bottom line to me is the Fortune article was written by one or more bean counters consistent with staffing at Fortune, and the facts were massaged to fit their perceptions. They really didn't know what they were talking about, and SeaFuse's charts bear that out and the above sentence shows they got the underlined sentence above just plain backwards/wrong.