Business & Finance: January First

No. 1 automobile in volume of sales last year was Chevrolet. This year Ford, less hamstrung by Labor than was General Motors, regained the lead. This week, with the annual Automobile Show in Manhattan marking the January first of the 1938 automobile year, rival makers were girt for renewed combat on a scale far greater than ever before. Last week it was announced that for the first time since 1929 automobiles and parts rate as No. 1 U. S. export. In Detroit, employment approached the 1929 peak. In Manhattan, the Automobile Manufacturers Association announced that production of 1937 models had totaled...

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