AUTOS: George Does It

American Motors President George Romney, who has staked the future of his company on the small car, last week raked in a fat pot. In the first quarter (which ended Dec. 31) of its current fiscal year, American Motors had a net profit of $4,948,736 v. a loss of $2,994,613 in the same period a year ago. The first quarterly profit in two years was due to the upsurge in Rambler sales, which rose 35% over last year's first quarter as production climbed to 41,492 cars.

Output in the first quarter of 1958, said Romney, is scheduled at a higher rate...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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