Business: Motormakers' Holiday

This week the doors of Manhattan's garish Grand Central Palace open on the biggest, brightest, costliest annual U. S. coming-out party: The National Automobile Show. For their 40th debut U. S. motormakers have plenty of shiny new models to show, plenty of bright new points to talk about.

Every fall the U. S.'s No. 2 industry* buds with optimism. This week it is in full flower. For motormakers 1938 was a hard year (4th worst in number of sales since record 1929) with profits down as much as 70%, total production little more than...

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