Facts & Figures, Mar. 22, 1948

Red Light. The Federal Trade Commission ordered Willys-Overland Motors, Inc. to stop advertising that it had created or designed the "jeep." Said FTC: although Willys-Overland "made an outstanding contribution in its powerful engine as well as in other features of the vehicle," the credit belonged jointly to four companies—Willys-Overland, American Bantam Car Co., Ford Motor Co., Spicer Manufacturing Co. (now Dana Corp.)—and the Army.

On the Ropes. "The steel grey market is on the ropes," crowed Iron Age. "One more heavy punch will knock it out." Steel, which would have been snapped up a month ago despite fantastic prices, was...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!