| Show I NEW N E FORD BE r CHEAPEST CAR ON I AUTO MARKET t Manufacturer Explains Explain His Hi Plans for Latest Flivver Dy Press LOS ANGELES Ca March Further details of Henry Fords Ford's plans to build a a. new automobile at a less cost to the purchaser than any auto 1 mobile now extensively sold were published published pub pub- toda today The new car will be built at factories strategically placed for tor economic collection of raw material materIal ma- ma and distribution of the product i Mr Ir Nord said lie He Is en route today j to his homo In Detroit e 0 As outlined here by h Ford his I plans contemplate tat early purly erection i of a a. p plant probably at Detroit or at some point In the central states I where water power 1 be available I This plant he said sa he hoped to operate oper- oper ate ato within n. n year and then ho he plans to erect other factories ln in various parts parts' or of the country lie Be might locate a I plant nt at San Francisco hay bay he said Bald or 01 possibly at Los Angeles n but the exact sites had not yet et been chosen The new company which will be I owned entirely by Mr Ir Ford and his I I family was decided upon ho he said because be- be because cause of court decisions requiring him Ito to disburse o In dividends certain money I ot of the lord Ford Motor company com pan which lie ho hof f had IndividuallY wished to hold as a cash reserve Ho said ho he was opposed to stock companies but would probably have havo to form torm one because nothing better had been beeh devised for tor practical operation Mr lord did not definitely Indicate his future plans for the present Ford company compan of which he owns n. n majority of the stock but said Mid ho would devote I his time and efforts to the new conI concern con con- I cern |