AUTOS: Break 'Em Up

Eager as a beaver, American Motors President George Romney appeared last week before the Senate Antitrust and Monopoly Subcommittee investigating auto prices. The committee, which is concentrating on the Big Three, had not originally invited Romney; he himself had asked to appear. But the committee was soon delighted that he had.

The trouble with the auto industry, said Romney, is too much concentration of power by Big Business and Big Labor, too little competition. To increase competition, said Romney, both General Motors and Ford should be forced to split up into smaller companies. Going beyond the auto industry, Romney said...

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!