Business & Finance: Deals & Developments

No Car Cartel. "A cartel without Mr. Ford would be useless and hence we are forced to continue our present wasteful, extravagant methods in spite of the depression." So last week spoke Andre Citroen, Europe-bound, after explaining that unwillingness to cooperate on Mr. Ford's part had dashed his plans for an automobile cartel (TIME, Oct. 26).* Last week Ford's world 1931 production was estimated by the New York Daily Investment News at 800,000 cars, equal to the estimate for Chevrolet, greater than that of any other competitor. Also last week, a Ford wage-cut...

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