Word: auto
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Dates: during 1950-1959
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Trustbuster Stanley N. Barnes last week delivered a friendly warning to the auto industry. Said Barnes in a speech before the Manhattan convention of the Nation al Wholesale Dry Goods Association: "An undue concentration is becoming more and more sharply recognizable in the automobile industry, and if it continues, [it] will require action of some kind to solve." His biggest objection: the Big Three last year accounted for 95.7% of auto sales v. 94.4% in 1954. While General Motors kept a 50.3% share of the market, Chrysler boosted its share from 12.9% to 17.1%-"at the expense of Ford...
Finally, as a frosting on the cake, Curtice announced the first large-scale group life insurance program for U.S. auto dealers. The program, to be financed jointly by the company and G.M. dealers, will call for a $1 billion fund, provide up to $100,000 in low-cost life insurance (without a physical examination) for any G.M. dealer under...
...course this was not quite the same Bridey that married the son of a Cork barrister and danced Irish jigs. Thanks to the mystery of reincarnation, she is now Mrs. Ruth Simmons, wife of a Pueblo auto dealer. Stretched out on a couch in a deep trance, with witnesses aplenty and a tape recorder taking it all down, Bridey-Ruth under hypnosis answered a few questions about life beyond the grave...
Unfinished Business. In St. Paul, Dave Williams and Willard Brazil were rearrested when, cleared of auto-theft charges, they walked out of the city police station, stole a taxicab...
...some 800,000 unsold cars in dealers' showrooms now, v. only 463,000 at this time last year. General Motors and Ford have both trimmed production below 1955 levels (TIME, Jan. 23). Last week Chrysler announced that it was cutting back to a four-day week. Total auto output in January, said Ward's Reports, Inc., was about 614,000 units, almost 7% below January...