Word: auto
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Dates: during 1950-1959
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...inventories is in the auto industry, with about 750,000 cars in the hands of dealers. But sales were picking up speed; in mid-August they ran 11% ahead of the same period in 1956, and the industry saw only a small problem in cleaning out 1957 cars before the 1958 models come out. The extent of a year-end rise in the boom depends largely on whether the public takes to the 1958 models, and if it can get the credit to buy them (see below...
...movement (proceeds for a children's home in Israel). Scores of important names in the Midwest seized the chance to shake the hard, square hand of Hoffa. And though General Motors, Ford and Chrysler employ only 500 Teamsters (out of a total payroll list of 800,000), the auto industry sent big men: a General Motors vice president, a Ford vice president, and a Chrysler industrial-relations executive. One reason: Jimmy Hoffa's Teamsters truck most of America's cars from assembly points to dealerships around the country...
...sales forecast down to about 5.8 million cars, production last week was still rolling along at a rate of better than 6,000,000 cars annually, building up an inventory of unsold cars that is beginning to weigh heavily on dealers. As of Aug. 1, U.S. auto dealers had 750,808 unsold 1957 models, 7% less than 1955's record production year, but 22% more than in August last year...
...AUTO SEAT BELTS would cut traffic-accident deaths by about 60% if they were in general use, says Cornell University Medical College after survey of 10,000 auto accidents. Concluded survey: "The seat belt is the most important, single, economically feasible device available to reduce one of our greatest public hazards...
Base Clef. In Manhattan, Thomas Patrick Murphy, 47, booked on charges of burglary and possessing burglary tools (5,000 hotel and auto keys, auto-license-plate stamping tools), explained about the keys: "It's my hobby. I'm a key collector...