Magazine content is available exclusively for TIME subscribers.AUTOS: Price Fixing in Cars?
After a four-month investigation of price fixing by auto dealers in major cities, the Justice Department last week got its first indictments. Named by a District of Columbia grand jury were 17 Ford, 14 Chevrolet and eleven Oldsmobile dealers. The charges: setting minimum prices on new cars for several years, as well as agreeing to refrain from price advertising and pegging prices of parts, accessories and service. In addition, Ford and Olds dealers were charged with setting minimum gross profits per sale ($225 for a Ford, $450 for an Olds). The Ford...
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