AUTOS: Compact & Official

The Big Three last week made it official. General Motors Chairman Frederic G. Donner announced that G.M.'s compact car will be called the "Corsair" and will be introduced to the public at the same time as its other 1960 cars early in October. Ford's candidate will be the "Falcon," and Chrysler's car will be called the "Valiant." Introduction dates: mid-October for Ford, early November for Chrysler. Prices for the three: somewhat under $2,000.

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