Business: Joy at Willow Run

As Wall Street had been prepared to expect, the Kaiser-Frazer Corp. this week announced that it was in the black for the first nine months of this year (TIME, Oct. 13). K-F joyfully informed stockholders that the company had made a profit of $8.3 million in the third quarter, after a loss of $2.2 million in the first six months. The overall profit of $6.1 million, said K-F, was tax free under the carry-forward tax provision. (K-F's $19.3 million loss in 1946 makes profits up to that amount tax free.) The report, said K-F, was unaudited and "subject to change with...

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