U.S. Business: A Long Way to Turn

A year ago, Millionaire Investor-Sportsman Robert B. Evans began buying up nearly $3,000,000 worth of American Motors Corp. stock figuring "what a deal it would be if I could turn that company around." Last week, reporting A.M.C.'s 1966 operations as the auto firm's principal stockholder and its chairman since June, Evans showed that American has farther than ever to turn. After a modest $5,200,000 profit in 1965, the company came out with a $12.6 million loss for the fiscal year ended in September — and in the red for the first time in nine years.

A.M.C. was particularly hard hit in...

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