Business: The Red & the Black

The automakers, hardest hit by the recession, last week gave out the bad news for the third quarter. Ford reported a loss of $21.6 million, bringing the deficit for nine months to $16.2 million, v. $229.5 million profit in the same period last year. Chrysler's ink was even redder: its third-quarter loss of $20-million pushed the loss for nine months to a total of $45.2 million, v. a $103.6 million profit in 1957. Studebaker-Packard, which lost $12.4 million in the first nine months of 1957, lost $22.5 million through this September.

There were still...

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