Word: auto
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Dates: during 1950-1959
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...Terrible Price." Wearing worried frowns, the top brass of the A.F.L.-C.I.O. Executive Council-speaking for 15 million organized workers-gathered around their huge, elliptical conference table in Washington to survey the damage and see what they could do. "There are too many people," said the Auto Workers' Walter Reuther, "who will use this current expose of Teamsters' corruption to exploit their own purposes-to try to restrict the entire labor movement." The Electrical Workers' Jim Carey added: "It is absolutely necessary that we denounce and renounce such characters or we will pay a terrible price...
...March 1st and sales 8% fewer in the first 20 days of March than in 1956, the industry cut April-June production schedules 11.1% below the first quarter, 6.5% more than originally intended. About the only encouraging harbinger came from Ward's Reports, which noted that retail auto sales in the second ten days of March jumped 20% over the first ten days, leading automen to hope that April will bring the big upturn everyone has been waiting...
After 20 months of hiding, the slight, balding clothing salesman made a mistake. He dickered with a Miami Beach car dealer and got a good trade-in on his battered '54 Oldsmobile. The auto dealer made a routine title check with Brookline, Mass., where the car had been bought. When the clothing salesman picked up his new Chevrolet, a Massachusetts state police lieutenant and a Miami cop arrested him. The charge: kidnaping...
...slow, is already being fought by Minister of Industry Joaquin Planell Riera, who runs the state-owned industries. At first the government may give private businessmen a share in its consumer-goods and service industries, such as textile plants and the Iberia Air Lines, while holding fast to shipyards, auto plants, utilities and oil refineries...
Like two consulting doctors, Speculator Louis Wolfson sat down last week with American Motors Corp.'s President George Romney to see what could be done about the ailing auto company. After the conference Wolfson, biggest single A.M.C. stockholder (350,000 shares), announced that he had turned down a directorship because he is too busy with his other affairs. But he will keep on buying more stock, "based on Mr. Romney's confidence that A.M.C. will be operating profitably in early 1958." Wolfson committed himself to vote for Romney at the annual meeting next February, even sent Romney home...