Automakers' big plans for little cars quietly folded last week. Henry Ford II, who had talked about a new car cheaper than any now on the market, announced that the Ford company had discontinued the division which had been working on the new auto (TIME, Feb. 4 et seq.). General Motors, which had recently set up a new car division in Chevrolet, announced that it too was shelving its plans for the present. It saw no way to get materials for new plants. In short, harassed automakers, up to their cowlicks in production troubles, were too discouraged to take on any...
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