Autos: Coping & Hoping

American Motors Corp. has encountered many obstacles on the road back to financial health but none any more perilous than its eight-month-long labor negotiations with the United Automobile Workers. Away from the bargaining table, the company has made headway against major roadblocks. Last month it announced earnings for the three months ending Dec. 31 of $4,500,000 (plus a special tax recovery of $19,200,000), its first quarterly profit in 18 months. Its auto sales for the current model-year have been running about 10% ahead of last year's levels. Encouraging as those signs may be, however, A.M.C. knows that its recovery...

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