The motor industry, generally speaking, is in the position of a squirrel in a cage. So far as profits go—it is very active but dubiously profitable. Production of cars proceeds at a good rate, but competition has so reduced retail prices that there is little satisfaction in it all.
Two of the leading manufacturers have recently precipitated more trouble by announcing further price cuts. This occurrence has thrown quite a blight over the plans of many car makers to raise prices next season to a point where larger...
To continue reading:
or
Log-In
