U.S. Business: Shuffle & Cut

While labor negotiations at strike-bound Ford and the other auto companies wore on last week, a finale of sorts was reached in another regular Detroit drama: the annual reshuffling of new-model prices.

American Motors Corp., which had been the lone holdout in announcing its 1968 increases, led off the week's price play. The company declared an average 3.8%, or $89, boost in its compact Americans (now $1,923 for the two-door model) and medium-sized Rebels ($2,420 for the four-door sedan). Tagging its new Javelin sporty car at $2,459, A.M.C. also boosted the luxury Ambassador line by some $120, to $2,671, including now-standard...

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