Business & Finance: Fords at Cost

Reports from Detroit stated that the Ford Motor Co. is now selling its cars practically at cost, and that the company's profits come from the sale of spare parts, freight charges and byproducts and from interest accruing upon bank balances and derived from securities. This statement, if accurate, goes to show that Ford car prices cannot well be reduced further, at least under present conditions. The future policy of the Company is bound to be influenced by Mr. Ford's reaction to the possibility of paying a perfectly enormous income tax. Heretofore, this has...

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