Sublime

This policy, I believe, was new in the industry when we began it. It reflected our desire to protect dealers against unreasonable product-depreciation losses and to place the responsibility for reasonable production schedules in the later months of the model year on the management of the divisions. It imposed a penalty on the factory in the form of

The figure man in this instance was right and the salesmen were wrong. Everywhere the inventories were excessive. I then issued one of the few flat orders I ever gave to the division managers during the time I served as chief executive officer of General Motors. This order directed all division managers to curtail production schedules immediately —