Business: Miscalculation

Because it miscalculated the ceiling, prices for Cadillacs and costs have recently decreased, General Motors last week began making refunds on purchases since Jan. 24, and trimmed current prices accordingly. The refunds, which average $30, will total $450,000. (With output about eight months behind orders, Cadillac is still the scarcest car on the market.) Headlined the New York Times wryly: THEM AS HAS (CADILLACS) GITS . . .

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