At the outset of last year's investigation of General Motors by the Senate Subcommittee on Antitrust and Monopoly, New Dealing Chairman Joseph C. O'Mahoney declared that he was not out to break up G.M., but to examine it as a "case study" of economic concentration. Last week, when O'Mahoney brought out his "case study," it was less a study than a ringing attack on G.M.'s size and profits, a sharp demand for its dismemberment.
Right off, the committee proposed that G.M. split off its customer financing subsidiary, General Motors Acceptance Corp. Said O'Mahoney:...
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