Business: Black of White

Is an independent manufacturer at a competitive disadvantage with Detroit's Big Three automakers? Not at all, answered Chairman Robert F. Black of White Motor Co. last week, as he presented the best possible evidence that his company, the nation's oldest truckmaking firm, is feeling no pain from G.M., Ford or Chrysler competition. On a record $270 million in sales, White earned $6.95 per share in 1958, almost the highest profit in its 59-year-old trucking history, in a year when overall truck sales dropped 18%. Of the profits, $3 per share were racked up...

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