Word: auto
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Dates: during 1950-1959
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Practically all the gain was in durable goods. Auto-industry employment increased 5,300 to 752,000, v. only 596,000 a year ago; in terms of unemployment, it meant a drop to 5.9% from a frightening 27.2% last year. Primary metals had only 3.4% unemployment v. 13.9% a year ago, electrical machinery was down to 5.9% from...
...auto industry is accelerating so fast that the 3,000,000th car of 1959 rolls off the lines this week, four months ahead of 1958; front-running Chevrolet alone has built...
...billion pumped into Spain during the past eight years might have gone far toward putting the country on its feet. But bureaucrats went on an ill-conceived spending spree, some of whose principal results are a steel mill whose products cost half again as much as German imports, an auto plant in Barcelona that builds ersatz Fiats for more than twice the cost of the real thing, thousands of luxury apartments still unrented, a $300 million annual trade deficit, an inflation that nearly doubled the amount of currency in circulation in five years (from 37 billion to 70 billion pesetas...
Palm Beach Matron Gregg Sherwood Dodge, 35, fifth wife of freewheeling Auto Heir Horace Dodge Jr., announced that she has raised $2.5 million in cash and pledges for "Girls' Town, U.S.A.," a haven to be built in southern Florida for "lost, frightened, abandoned girls from ten to 18 who need care and help." Gregg, a onetime chorus girl accused of adult delinquency in the past (charges of drunken driving, resisting arrest, slugging cops), made it clear that her nonsectarian, non-profit project is no transient whim. Said she soberly: "It would help to correct the alarming rate of violence...
...auto industry showed no signs of braking. May sales rose to an estimated 520,000 or about 4% above April. Despite a tapering-off from April, Detroit poured out 545,000 new cars in May, building up stocks in case of a steel strike. The industry estimated that cars in dealers' hands rose to 900,000, highest in three years, but carmakers did not seem worried so long as sales were still climbing. They plan no major cutback in production until the end of July. The good performance so far this year-some experts predict...