AUTOS: G.M. Speaks Up

After twelve peacetime months in the red, the biggest U.S. automaker finally turned the corner. General Motors, said President C. E. Wilson last week, made a small profit in July, will probably show one for August. But things were far from good. For the year as a whole, G.M. would still be in the red. Charlie Wilson met the press in Detroit's Statler Hotel and told why. His plain talking was characteristic, and significant, for G.M.'s troubles are the troubles of most U.S. mass production industries.

Not till January 1948, said he, could...

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