Business: The Rambler

In the race of the big-car makers to bring out a smaller, cheaper car, Nash this week became the first to hit the market. It unveiled the Rambler, * a small (100-inch wheelbase), trim, five-passenger convertible with an 82-h.p. motor. Most notable feature: the top does not fold down but slides down through heavy steel side-rails like the top of a rolltop desk. The price: $1,808, including radio, heater and air-conditioner, about $300 less than the bigger Ford and Chevrolet convertibles with similar equipment.

Before long, Nash hopes to have Rambler sedans ready to sell, probably in the $1,100 range. Nash is...

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