American Motors President George Romney, David of the automakers, last week slung another stone at Goliath. Before Detroit's Adcraft Club, Romney once again demanded that General Motors be forced to give up its "dominant" hold on the U.S. auto industry (46% of the market). Said Romney: "Not only has G.M. dominated the industry for 20 years, but in the absence of an adequate antitrust policy, its competitors have existed only because G.M. permitted them to exist." If G.M. decided to cut prices and profits, "there would be fewer companies left in a very short time."
Romney wants to split G.M. into two...
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