Springville Herald | 1944-07-06 | Page 5 | Sloan Predicts $100 Billion as U. S. Income

N Sloan Predicts $100 Billio11 As U. S. Incmc "7 ,tvar national income of A if n r vear, compared with mXlZ : $fl5to $70 bil-a bil-a prT envisioned by Alfred P. litm' Tr chairman of the board Rectors of General Motors 'Tutrjostwar era we must ha e productive jobs for those 5 mint to work at a fair wage, the ention of further attacks on Station, and the conduct of international affairs cm a "two-S "two-S street basis," he said. The automobile industry as a whole !vnects to double its prewar normal nor-mal of 3,000,000 cars a year, while reneral Motors plans to increase oroduction 40 to 50 per cent at a eost of $500,000,000. "The faith comes from the point f view " Mr. Sloan asserted, That we think the attitude of the American public is completely changed with respect to industry as the result of their experience in the war and we believe that the rabbit-out-of-the-hat business, the somcthing-for-nothing, is finisher."