Autos: Job for a Giant Killer

After four years of a broadening national economy and bursting auto sales, times have never seemed chromier for Detroit's automakers—except for American Motors Corp., which has been beset by declining sales, growing financial troubles and, most recently, an alarmingly oversized inventory. American now has 93 days' car production unsold, against a current industry average of 45 days. At the corporation's annual meeting next week, stockholders will hear about slightly lower sales ($991 million in 1965 v. $1 billion in 1964), greatly reduced earnings ($5,000,000 v. $26 million), and a shrinking share of the auto market (currently 3% v. a...