Word: auto
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Dates: during 1950-1959
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...plantation is Preston Jones, Negro manager of a 360-acre "unit," who last year netted $7,800 after living expenses. Jones is admittedly exceptional, but General Manager Godbold estimates that the 84 sharecroppers probably averaged $800 as their share of the plantation profits last year. Asks Godbold: "How many auto or aircraft workers wound up 1955 by paying all their living expenses and still having $800 left over...
STUDEBAKER-PACKARD auto merger is not giving the two companies the lift they expected. Losses for 1955 totaled $30 million ($4,000,000 more than combined 1954 losses), even though sales doubled to $480 million. In an effort to recoup, Packard will bring out a new 275 h.p. "Executive" series next month. Price: about...
Into the booming auto rental business last week drove a husky newcomer. Greyhound Corp., the biggest U.S. bus line, is forming a car and truck renting subsidiary to be called Greyhound Rent-A-Car, Inc. Concentrating at first on long-term leasing of car and truck fleets to business firms, it will move into hourly and daily rentals to individuals early this summer. The twelve-month goal of Greyhound's new president, ex-Railroader Arthur S. Genet (TIME, Nov. 14), is a fleet of 10,-ooo cars and trucks, third largest in the rental business...
Model T to Diners' Club. That competition has been steadily weakening ever since a Chicago auto salesman named Walter L. Jacobs started his car rental business with twelve model T Fords in 1918. He built the fleet to 565 cars in five years, then sold out to Taxicab Manufacturer John Hertz. Jacobs stayed on in the company, eventually rising to president, and has convinced millions of travelers that it makes sense to rent...
...U.A.W. has also set up a well-oiled working arrangement with General Motors and Ford. In the complex, highly automated auto industry, new machinery, new methods and new models force automakers into constant time studies, constant revisions of job standards. But there is little friction because G.M. and Ford agree wholeheartedly with the U.A.W. that time study is not an exact science, but a starting point for bargaining about base pay and incentives...