Autos: What Price Competition?

One of General Motors' most pressing concerns is keeping Washington pacified. As the world's largest manufacturer, the company has long fretted over the possibility of antitrust action, even though it has taken over no domestic passenger-car firm for 50 years. Sensitive to the Administration's inflation worries, G.M. Chairman James Roche recently played the part of a diplomat in meeting with White House economists be fore announcing price increases (aver aging only 1.6%) on his 1969 models.

Last week General Motors delivered two bulky, fact-filled statements to two Senate subcommittees currently investigating whether competition really ex ists among U.S. automakers —...

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