Word: auto
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...real surprise, however, was in Chrysler's comeback. Last week President Lester Lum Colbert announced that net earnings in the first quarter were $34,504,730, or $3.96 a share, almost twice the earnings for all of 1954. Not only has Chrysler's percentage of the auto market jumped from 14% since the same period last year, to 18% but actual sales of 454,948 cars in the first quarter were the greatest in history. Said Colbert: "We are applying every bit of our energy and ability to accomplish even better results...
...base of the prosperity was the greatest personal income of all time. A striking example came from the auto industry, where the average weekly pay of General Motors Corp. employees in the U.S. reached an alltime high of $103.79. Rising paychecks were not being offset by rising prices; the national cost-of-living index has not changed for four months. From their record income, consumers were spending more than ever before, spreading prosperity almost everywhere in the land. In Texas, where retail sales are running about 18% above last year, the University of Texas' Bureau of Business Research reported...
Petunias on the Road. Probably the greatest public indication of the prosperity is on the highways and in the parking lots. This week the U.S. auto industry passed the 3,000,000 mark in 1955 auto production, the earliest that mark has ever been reached. Lined with brightly colored new cars (even some in girdle pink), parking lots are taking on the appearance of petunia beds. Said Drug Salesman John Tinder of Seymour, Ind.: "There's one feller in town who has a black car. Why, everybody knows where he is all the time...
...fair was an accurate reflection of Italy's growing boom. Gross national product jumped by 5% last, year, even though drought lopped 2 billion tons from the normal 9 billion ton wheat harvest; industrial production was up nearly 10%. Crude-steel production topped 4,000,000 tons and auto production increased to 215,000 cars and trucks, both alltime records. An important new oilfield has been tapped on the Adriatic coast, while Sicily's Ragusa field (TIME, Jan. 25, 1954) has four producing wells, with a fifth...
Seat Belts. Chrysler Corp. announced as optional equipment webbed safety belts for auto passengers, patterned after those used in airplanes. The Chrysler belts, the first marketed by any auto manufacturer, come in units of three for both front-and rear-seat use. Estimated cost: $50 per unit of three...