Business & Finance: General Motors

In October, the General Motors Corporation broke all records both in earnings and sales. The sales amounted to approximately 96,000 cars and trucks, including Buicks, Chevrolets, Cadillacs, Oldsmobiles, Oaklands. The preceding month of September had established the existing high record of sales at 89,000 cars and trucks. These sales are mostly made to dealers, who are stocking up for the winter and spring demand as well as filling current orders. October earnings rose in proportion. At an average of $130 profit per unit, the month's business must have meant something like a $12,500,000...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!