President Juan Perón has had more nibbles than bites since he began fishing for U.S. private-investment capital 14 months ago. Last week he landed his first catch: U.S. Industrialist Henry Kaiser, who signed a contract to manufacture cars and trucks in Argentina. Said Kaiser: "In all my life, I have never met anybody as effectively dedicated to the promotion of an automobile deal as General Perón."
Under the terms of the deal, Kaiser and the state-owned IAME (Aeronautical & Mechanical Industries Corp.) manufacturing trust will hold 51% of the stock in a new automobile plant to be built and operated by...
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