Word: automan
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Dates: during 1950-1959
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...Ford II put production this year at "less than 6,000,000 units." Said Ford: "Production will remain a negative factor at least until the last quarter." Furthermore, he added, "it seems unlikely that the general economy will expand markedly during the remainder of 1956." The frank talk won Automan Ford a cheering vote from the 2,400 shareholders, some of whom had grumbled over the drop in Ford stock from 64½ to 53½. At the close of the meeting, many of them hurried forward to shake Ford's hand. In Wilmington, Del., General Motors President Harlow...
...crimping policies. On FRB's side are such experts as J. P. Morgan Chairman Henry C. Alexander, who thinks FRB "was wrong only in not being more vigorous a little sooner," Harvard Economist Sumner Slichter and retiring New York Federal Reserve Bank President Allan Sproul, who tartly dismisses Automan Curtice's complaint as "a sort of cosmic jest." Detroit's difficulties, says Sproul, are a hangover from 1955's frantic sales race when too-easy credit skimmed the cream from 1956's auto market...
...Investment Co., and expects to gross $50,000 this year as a broker in penny stocks. Stockseller Coombs also started his own brokerage firm. Others got into the act, formed their own companies and began peddling stock. The boom will come of age when & if Prospector Steen and ex-Automan Joseph Frazer, who have formed Standard Uranium, get their stocks listed on the American Stock Exchange, as scheduled...
Nordhoff looked little better than the plant. A lifelong automan, he had risen to the top in General Motors' German subsidiary, Adam Opel, A.G., and bossed its big truck plant during the war. At war's end, he had lost his job, his money and most of his belongings. Gaunt and hungry, Nordhoff scraped along for two years on handouts from friends; because he had been a top executive, he was forbidden to work in the U.S. zone at anything except manual labor-and even such jobs were not to be had. But the British asked...
...Nordhoff would drive their own cars off the export markets, they might never have given him the job. By last week, Volkswagen estimated it was the fourth biggest automaker in the world, led only by the U.S. Big Three. Even competitors conceded that Nordhoff was probably the best automan in Europe...