Word: auto
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Dates: during 1950-1959
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Died. Ray Sprigle, 71, Pittsburgh Post-Gazette reporter, who won a Pulitzer Prize (1938) for revealing that Supreme Court Justice Hugo Black had been a Ku Klux Klansman; of injuries suffered in an auto crash; in Pittsburgh...
Businessmen who had worried in May were calm in December. Steelmen sensibly pointed out that the nation's heaviest industry need not always operate at emergency throttle. "The auto industry no doubt could turn out 12 million cars a year if absolutely necessary," said a steel executive. "But when it produces only 6,000,000 cars, no one complains that it is operating at only 50% capacity." At times, businessmen even gave thanks for the breather. Frank Magee, president of Aluminum Co. of America, noting that aluminum has often been in short supply, said cheerfully: "For the first time...
...billion) than ever before on a shopping list of modern-day necessities that included 6,400,000 TV sets, 4,000,000 phonographs and hi-fi sets, 5,308,000 automatic washing machines, dryers and ironers and a big budget for fun. Example: nine years ago Detroit Auto Dealer Everett Kircher raised $100,000 to install a ski lift on Boyne Mountain in Michigan. Today Boyne Mountain has a heated swimming pool, private golf course, two snowmaking machines and a second ski lift near by. Hotels and motels are jammed, and the whole area is booming. "It's better...
...little, shaved prices to meet competition, notably that of the discount houses. But price alone was no guarantee of success in 1957's hotly competitive marketplace. With more choice than ever before, customers shopped for style as well. While G.M. slipped back from 51.5% to 44.4% of the auto market, Chrysler's jet-finned new models jumped from 15.4% to 19% of the market, and Ford's crisp styling apparently nudged it ahead of Chewy into the No. 1 sales spotlight for the first time since...
...from management, whose bargaining position has been strengthened by the economic downturn and the scandals in labor's own house that have cost it heavily in public opinion. As a result, the new year may see some angry clashes over the bargaining table, particularly in aircraft and auto industries, where long-term contracts run out. Labor experts expect a rash of strikes next year, unlike 1957, which saw only 16 million man-days lost through strikes, the lowest figure since World...