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Fear Buyers To Be Priced Out Of Car Market
Production costs rise and retail prices push crunch on the auto industry. Notes from Associated Press report on wage and material cost hikes hurting demand and prompting manufacturers to seek economies. GM cancels 1948 model orders as brands race to sustain volume without triggering further price increases.
MENTIONED IN THIS ARTICLE
Associated Press
Detroit
General Motors
Generotors
O. E. Wilson
Chevrotte
Ponting
Oldsmobile
Buick
Cadillac