CONTROLS: Lifting the Lid on Autos

The motorist who planned to save money by trading a fuel-gulping full-sized car for a more economical compact got some bad news last week: not only is the full-sized car worth less as a trade-in, but the compact is going to cost a lot more. In a move that surprised even harsh foes of wage and price controls by its timing, the Cost of Living Council exempted the auto industry from wage and price regulation. By week's end Ford, General

Motors and Chrysler announced price increases that will add $133 or more to the average retail price of 1974 cars....

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

Learn more about the benefits of being a TIME subscriber

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