Word: auto
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Dates: during 1950-1959
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...United Auto Workers Organizer John Watkins, for eleven years (1942-53) an official of the Farm Equipment Workers Union, knew just what he would and would not tell the House Un-American Activities Committee when he appeared before it on April 29, 1954. A witness of straightforward manner, he testified that he had never been a card-carrying Communist. But he admitted that from 1942 to 1947 he had cooperated with Communists "to such a degree that some persons may honestly believe that I was a member of the party." He agreed to answer all questions about his own participation...
...NATIONAL AUTO SHOW, staged last winter for first time since 1940 (TIME, Dec. 17), will be shelved for 1957 because industry cannot rent Manhattan's Coliseum until long after 1958 models roll into showrooms. Automen will concentrate instead on regional shows, such as the one in Chicago...
...superhighways will have a profound effect on the lives of the most mobile people on earth. One out of every seven Americans earns his living in some phase of highway travel; 80% drive to work; 85% take their vacations and pleasure trips by auto. Yet U.S. highways, sadly neglected during World War II, have fallen far behind the growing numbers of automobiles, trucks and buses, now up to 65 million. The new roads will ease present congestion, be able to accommodate the nearly 90 million vehicles that are expected to speed over U.S. roads by 1972. With fewer curves...
...products on the automaker (specifically that Du Pont had supplied General Motors with about 67% of its paint and finish supplies, between 38% and 52% of its textile requirements in the years 1946 and 1947), the two items together make up only about 2% (or $20) of an auto's total cost. Du Font's total G.M. business amounted to only about 3% of the company's $795 million sales in 1947; Du Font's real profit from G.M. is from its stock investment, which last year paid the chemical company $126 million in dividends-nearly...
General Motors in existence today. When Du Pont took control during the post-World War I depression, the young auto giant was headed for the rocks. Brilliant, mercurial William Crapo Durant, who put the company together, was $80 million in debt and on the verge of bankruptcy. Du Pont had already put $49 million into the company's stock. By risking another $31 million of its capital, Du Pont bailed out Durant and put the company back on course, not only with cash, but also with managerial talent. Du Pont President Pierre S. du Pont, who had been actively...