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Compact car shortage hampers American industry
A Treasury official argues the United States needs a truly compact low priced car to stem a billion dollar annual currency drain from imports. He notes Detroit firms study the small car market but face pricing and volume challenges while imports surge and American firms may need massive investment to compete.
MENTIONED IN THIS ARTICLE
New York
General Motors
General Electric
Boeing
Detroit
Japan
Britain
United States
U.S
John R. Petty
Treasury Department
Petty
American Motors
Ford
Chrysler