Word: automen
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Dates: during 1950-1959
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...National Production Authority, which for some time has been nibbling at the civilian use of various scarce materials, last week took the biggest bite yet. It ordered a 15% cut in non-defense copper for the first two months of 1951, and a 20% cut for March. Automen said the cut would mean a 10% slash in auto production in next year's first quarter because there was no practical substitute for copper in auto radiators...
When the Chrysler Corp. delegated Lester Lum Colbert to negotiate a new wage agreement with the U.A.W.-C.I.O. last August, Detroit's automen gossiped that he was being groomed for the presidency (TIME, Sept. 4). Last week, Chrysler directors made it official. President K. T. Keller, nudging the retirement age of 65 and busy three days a week with his new job as director of the Defense Department's guided missile program, moved up to board chairman-a post vacant since Walter P. Chrysler's death in 1940. Into the presidency went "Tex" Colbert, 45, boss...
...From automen all over the U.S. came similar moans & groans. Said one Denver dealer: "Used-car dealers, unless they have a sideline or automotive repairs, will not be able to stay in business." In Detroit, the used-car capital, prices were down an average of $300, with most of the decline occurring last week. Even at that, sales were slow. Though the used-car lots were hit the hardest, new-car salesmen were also feeling the pinch. With the slump in used-car prices, dealers were forced to slash their trade-in allowances. One Hudson dealer in Detroit...
...Stab in the Dark." The sales slowdown caused Kaiser-Frazer Corp. to revise its production schedules to get a firmer footing in the low-priced field. Instead of making two higher-priced Kaisers for every low-priced Henry J, it reversed the ratio. And automen who were talking about raising car prices were taking a hard second look...
...shift to automatic transmissions, automen have added a shoal of new words to the language. Most of them, as might be expected, end in "matic" (e.g., Hydra-Matic, Gyro-Matic, Ultramatic). Last week the Ford Motor Co. announced a new automatic transmission of its own, developed with Borg-Warner Corp. for the 1951 Mercurys. Its name: "Merc-O-Matic." In a few months the company will bring out a new transmission, optional on all 1951 Fords. The name, to nobody's great surprise: "Ford-O-Matic...