AUTOS: The Race Is On

Young Henry Ford II, who has hinted about a new, low-priced car, last week finally spoke out loud. He announced that Ford Motor Co. will form a new division to make a car to sell for "less than $1,000." The first models will be ready early in 1947 and mass production should get under way shortly after. Young Henry kept details of the car to himself. But motormakers guessed it might be a 1947 counterpart of the famed old "Tin Lizzie." In fertile Detroit, which last week was preparing to celebrate the automobile...

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