AUTOS: Brave New Motors

One of the new things which the world will see at the end of World War II is a new face on the U.S. automobile industry. This fact was double-checked last week when a Federal judge ended the year-old trusteeship of mercurial Hupp Motor Car Corp. Hupp has paid all delinquent and current taxes, has cutaits RFC loan 30% to $550,000, will pay all creditors $1 on the $1. Even common shareholders will not be wiped out. They can swap 100 old shares for 50 new.

Hupp's renaissance is symbolic of the reversal of a trend. In 1928 the independents of...

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