AUTOS: White Elephant Rented

The Reconstruction Finance Corp. last week leased (for five years) to the Kaiser-Frazer Corp. its $100,000,000 bomber plant at Willow Run, Mich. The new tenants will pay $500,000 rent the first year, $1.2 million a year after 1947, will use two-thirds of the plant’s 5,052,177 square feet of floor space to manufacture the low-priced Kaiser automobile (now being designed). In the rest of the space the medium-priced Frazer car will be made, along with the Graham-Paige line of farm equipment.