PRICES: We Cannot Accept ...

Only six weeks ago, Henry Ford II had promised that he would try to hold down the price of his cars. But last week, seeing a flood of price rises all around him, young Henry took his finger out of the hole in the dike. He boosted prices on the company's 1951 models an average of 5.5% (from $87.50 on the cheapest Ford to $185 on Lincoln Cosmopolitan convertibles). Same day, General Motors Corp. raised prices an average of almost 5% on its 1951 models. These were the first price boosts among the auto industry's Big Three in nearly...

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