The shortage in steel threatened to wreck the automaking of Henry J. Kaiser. As a possible hedge against grave trouble, last week he leased two Government-owned aluminum plants near Spokane, Wash., the $47,630,000 Trentwood rolling mill and the $22,270,000 Mead reduction plant. The Kaiser-Frazer-Corp., and Kaiser Cargo, Inc. which did the actual leasing, will pay rentals from $458,000 the first year to $3,915,000 the fifth year.
With aluminum from these plants, Kaiser plans to build bodies for K-F's Kaiser and probably for Graham-Paige's Frazer. Reason: up till last week K-F had no...
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