Word: auto
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Dates: during 1950-1959
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...five months. Industrial production, reported the Federal Reserve Board last week, rose three points to 141% of the 1947-49 average, was within four points of its pre-recession peak of August 1957, and two points above a year ago. The rise was largely due to a jump in auto production, which, despite a strike at Chrysler (see below), last week reached 142,609 cars...
...Chrysler plants. The relief period of five minutes an hour (in addition to regular relief periods) was first arranged because of special fatigue problems, such as extraordinary heat, though the company claimed that technological improvements later eliminated the problems. So that no actual output would be lost, the United Auto Workers agreed to speed up the line. But in its belt tightening this year, Chrysler went in heavily for time studies, decided that the five-minute relief period each hour-which exists nowhere else in the industry-was no longer necessary and would have to go, since it meant shutting...
Samuel Powel III '61, of Rockford, Illinois, was killed in an auto accident while driving home for Christmas vacation Wednesday night. Driving alone, Powel apparently fell asleep at the wheel and ran into the back of a truck...
...because of labor troubles. General Motors scheduled a rise of 25%, Ford 21%. Not until dealers have all the cars they want, sometime in January, will automakers know whether the present spurt is temporary or the signal of a good year ahead. Only then will the industry know whether auto sales can avoid the sharp dip of last January, when the auto recession really...
...when President Glaser, who had tried his hand at radio repair work and plastics fabrication, decided to make a "detailed and authentic" plastic toy washing machine. It sold well, but his first big hit did not come until 1950, when Glaser put out a copy of the old Maxwell auto, made famous by Comedian Jack Benny, sold 800,000. Glaser added the battleship Missouri (still the most successful, with 2,040,000 kits sold), launched his own 89? version of the atomic submarine Nautilus in 1953 six months before General Dynamics Corp. Other bestsellers this year: the Bomarc antiaircraft missile...