AUTOS: G.M. Preview

General Motors' white-thatched President Charles Erwin Wilson gave the House Committee on Postwar Planning a preview of huge G.M.'s huge plans for the future. The news: if all U.S. businessmen plan things the G.M. way, postwar production will be 50% higher than the prewar peak and almost as big—in terms of employment—as it is now. Wilson highlights:

¶ G.M. will need ten more plants as part of a postwar expansion program involving a total investment of $500,000,000 (it had 102 plants, worth $850 million, before the war). And "if the Government has...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!