Word: auto
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Dates: during 1950-1959
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Picking Up Speed. Detroit's automakers seemed to be picking up speed after a slower-than-expected start in 1957's auto market. While no company has announced its quarterly earnings, gains over 1956 were freely predicted. Auto dealers reported a surprising boomlet at the end of June, which pushed sales for the month to 544,750 units and the best figure since March 1956. The June comeback boosted overall sales for the first six months of 1957 to within 2.3% of the 1956 mark, after they had been 5% behind at the end of the first quarter...
ECONOMIC CONCENTRATION is increasing, says Senate antimonopoly subcommittee. Its 18-month survey of latest Census Bureau figures shows that 50 biggest U.S. companies accounted for 23% of total value of U.S. manufactures in 1954 v. 17% in 1947. Top four automakers had 75% of auto and truck market v. 56% in 1947; top four appliance makers held 50% of market v. 36% in 1947; top four steelmakers held...
Sweden's Volvo auto group, aiming for 12,000 U.S. customers in 1957, also brought out a new model. The new Volvo (Latin for "I Roll") is a two-door family sedan with an 85-h.p. engine, a top speed of 95 m.p.h. Its U.S. price of $2,235 includes heater, defroster, whitewall tires...
...completely restyled the 1958 Lincoln. The Mark II Continental has been discontinued, but Ford has saved the name for its highest-priced Lincoln, which will be set apart by different trim, quality gadgets such as a retractable back-up light. Ford hopes to make Lincoln 1958's handsomest auto. In any case, it will certainly be the largest-229 in. in overall length, 3 in. longer than Chrysler's Imperial, and 9 in. longer than G.M.'s competing Cadillac...
...BRITISH AUTO COMEBACK is smashing records after slump last year (TIME, March 26, 1956). In May British weekly output rose to peak of 19,094 cars, 37% ahead of same month last year. May exports climbed to 41,612, beating threeyear-old record by 7%. U.S. is receiving record 8,000 British cars a month, for first time has replaced Australia as British automakers' best overseas customer...