Raider Louis Wolfson, who temporarily retired from the public eye after his unsuccessful attempt to gain control of giant Montgomery Ward (TIME, Oct. 8), was on the prowl again last week. He was casting a covetous eye on ailing American Motors Corp. ($2,994,613 loss in first quarter of fiscal 1957). Wolfson announced that he and his family have increased their holdings in the company by 110,000 shares to 350,000, giving him the largest single block, though only 6%, of the 5,670,430 shares outstanding.
Detroit gossiped that Wolfson will try to get American Motors to sell its losing Nash-Hudson auto manufacturing...
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