AUTOS: Romney's Second Crusade

The evangelist of the auto industry, President George Romney of American Motors Corp., announced last week that he was "lighting the candle" for his second crusade. (His first: the compact car.) The new crusade, he declared at a New York press conference, is a "progress-sharing plan to aid the neglected consumer." As of Dec. 1 through March, customers who buy American Motors cars will get rebates of U.S. Savings Bonds if sales increase enough over the year-ago levels.

Each buyer of an American Motors car will get a $25 bond for every 10% increase. The effects will be cumulative. Thus...

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