MANAGEMENT: Prosperity First

To keep up with the post-World War II demand for new cars. Ford Motor Co. has spent $1.7 billion to expand and modernize plants and equipment. Last week, in a speech before the Bureau of Advertising of the American Newspaper Publishers Association&* at Manhattan's Waldorf-Astoria hotel. President Henry Ford II admitted that even those husky figures had not been enough. Said he: "The booming market for both new and used cars has frankly been something of a surprise, even to us." To keep up with the expanding market, said he. Ford will spend an additional $625 million on new plants...

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