General Motors last week shelved plans for the first "real postwar" G.M. cars1948 models of Chevrolets, Pontiacs and Oldsmobiles. G.M. President Charles E. Wilson said that G.M. had canceled its orders for dies for 1948 models because strikes and shortages have put G.M. production so far behind schedule. As far as G.M. was concerned, 1948 would be a blank year for low-priced cars; the next such models would be 1949 (out in the fall of 1948).
Some reasons for dropping the models: 1) a complete model change costs G.M. $57 to $75 million, and 2) G.M. was betting that the...
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