Word: auto
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Dates: during 1950-1959
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Vote of Confidence. Here and there, some warning signals flew. Auto sales were high, but peak production (at an annual rate of 6,450,000 cars) had pushed dealers' inventories to the highest levels in many months and used-car lots were full. Appliance stocks were piling up in some cities. In Detroit, a price war broke out among the big stores knocking 25% off Westinghouse roasters and General Electric portable mixers...
...Force Auditor Sidney Solomon, who checked the books at K-F's plant at Willow Run, explained how money flew. For one thing, said he, K-F tried to charge off to the contract $715,631 of vacation pay for workers who had earned it from auto motive work. Other items disallowed: 1) $4.2 million of automotive costs, which would have eventually totaled $56 million if not eliminated; and 2) a charge to the Government for 65% of the cost of Kaiser's ads replying to Senator Bridges...
...Coffee. A coffee maker that plugs into an auto dashboard socket has been put on the market by Technische Apparate Vertriebsgesellschaft, West Germany. The gadget signals with a whistle when the water boils, pours it onto instant coffee, cocoa or a tea bag with the turn of a knob. Price...
...AUTO sales for the first quarter showed Ford outgaining all competitors. Ford's share of the market rose 3.07% (to 23.22%), G.M.'s rose 1.24% (to 44.35%), while Chrysler dropped...
...staff cars to get money to reconstruct the smashed plant. Under Fritz Koenecke, 54, a wartime synthetic-rubber expert, Daimler-Benz production has risen to almost 25% more than its 1938 peacetime peak; its work force is now 35,000. In 1951, Daimler-Benz led all West German auto makers in value of production (800 million Deutsche mark, or $190 million), this year expects to produce 1 billion ($238 million) worth of autos and trucks. Already better than one-fourth of its production is in exports, and recently the company started shipping...