Business: Automobiles

With record production, record sales, the U. S. automotive trade continued, last week, to head the list of prospering industries. From each of the four leading units came reports of progress, plans.

General Motors. Publication of the complete balance sheet of General Motors Corp. for the first six months of 1928 revealed a jump in assets of over $107,000,000, from $1,098,477,576 to $1,205,747,797. Surplus mounted from $187,819,083 to $262,320,716.

Ford. Stirred by rumors that he would shut down his plant, redesign his new model, Henry Ford boasted, last week: "Our daily production is now 3,500 increasing by several hundred a day. Our present...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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