President A. P. Sloan Jr. of General Motors last week told his stockholders that the corporation will immediately spend $40,000,000 as follows:
Chevrolet gets $8,000,000 to expand its plant. Now it is losing trade from inability to supply demand.
Oakland-Pontiac gets $5,000,000 for new construction at Pontiac, Mich. The 6-cylinder Pontiac, marketed for the first time this year, proved popular.
Buick, the sturdy prop of G. M. C., needs a body plant at Flint, Mich.; gets $5,000,000.
Frigidaire mechanical refrigerators promise to sell at 2,000 daily, which warrants the expentiture of $12,000,000 on Delco-Light...