Autos: The Toll

The Ford Motor Co. strike was 53 days old last week when United Auto Workers President Walter Reuther and Company Negotiator Malcolm Denise finally signed a new three-year labor contract. That done, Ford announced that it lost $73.9 million during 1967's third quarter, compared with a $65.8 million profit for the same period last year. It was the biggest earnings setback since Ford went public in 1956, and the strike was obviously to blame. But troubling though the deficit was, Ford should make up most of its losses with a surge of sales to customers who waited out the...

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