STATE OF BUSINESS: Facts & Figures, May 24, 1948

High Gear. In the first quarter of 1948, the British automobile industry nosed out the U.S. as the world's largest exporter of passenger cars. The three-month score: Great Britain, 56,812; the U.S., 55,444. (During March, Britain's carmakers, whose export quota is 75% of total production, edged this up to 78%.) Most U.S. motormakers, selling all they can make at home, have not tried to push exports.

Bumpy Air. U.S. airlines were feeling the hot breath of foreign competition in transatlantic aviation. In the first six months of 1947, American Overseas, Pan American Airways and T.W.A. carried 75.4% of all passengers....

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