AUTOS: The New Pacesetter

American Motors Corp. setting the pace for the auto industry? The idea would have seemed ridiculous during the long years when AMC was the only one of the four U.S. automakers losing money and struggling to stay in business. But in a market shrunk by the twin forces of inflation and the energy crisis, AMC's stress on low-priced, gas-saving small cars has suddenly made it the only company that is still prospering. Some examples of its leadership:

> Total auto sales so far this year are down 21% from early 1973, and sales of some...

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