Business & Finance: Crucial Motors

The automobile industry can often boast. In 1929 it boasted of its great production record of 5,620,000 cars & trucks. In 1930 production was about 3,500,000. But motormakers still had cause to boast. With pride they could point to the fact that their gargantuan industry devours 82% of the rubber, 55% of the plate glass, 15% of the iron & steel, 57% of the upholstery leather, 30% of the aluminum, 14% of the copper, 15% of the hardwood, 24% of the lead, 80% of the gasoline consumed in the U. S.; that it fills...

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