Discussing auto sales and corporate profits with 1,200 stockholders at their annual meeting last week, Ford Motor Co. Chairman Henry Ford II and President Semon E. Knudsen were in an optimistic mood. They had good reason to be. Auto sales, which accounted for 90% of Ford's quarterly revenues of $3.9 billion, are so strong that Ford's earnings will probably be close to the record year of 1965, when the company broke all sales marks and profits were $703 million.
That was all very good news, but another announcement by Ford was even more interesting. It involved safety. When the Government, after...
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