EARNINGS: On the Up & Up

As rosy first-quarter earnings reports continued to pour out last week, the rosiest came from General Motors. President Harlow Curtice reported that arms orders and the biggest production of cars and trucks since 1950 had brought G.M. sales to $2.5 billion, an alltime high rate of $10 billion a year. The gross was up 42.6% from a year ago, and net profits were up 18.7% to $151,261,876.

Studebaker was not so fortunate. Harassed by tooling troubles in the production of its sporty new model, the corporation reported a net loss of $984,489 v. $4,862,149 profit last year. But with production...

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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