AUTOS: Meeting the Auto Inventory

From his Detroit headquarters, the United Auto Workers' president, Walter Reuther, last week issued another bitter blast at auto layoffs. Cried Reuther: "The plight of thousands of workers on layoffs cannot be swept under a rug woven of platitudes or silence." But U.S. automakers used no platitudes last week. They finally faced the fact that their troubles are not lagging sales but overproduction. Though they had been cutting back steadily for a month, they now took drastic action. The week's score: 111,200 cars, almost 67,000 less than the same weekof 1955.

Chrysler made another 6,200-man reduction in its Plymouth force and...

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