Word: automen
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Dates: during 1950-1959
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Flattened Curve? One big trouble with the auto workers' G.A.W. is that there are so many possible variations that no one knows just how much it would cost. Automen have had actuaries working on the project for two years, and reckon the cost might run as high as $5 billion in the first year. But the biggest problem is the one the union also fears the most: seasonal fluctuations in auto sales...
Ever since war's end, when automen started the great horsepower race in earnest, there have been complaints that safety was neglected for speed and power. Any further boost in either horsepower or size, cried New York Traffic Commissioner T. T. Wiley, would be "sheer madness." Auto makers have "gone on a horsepower jag . . . as insidious as dope." Added Denver's Traffic Engineer Jack Bruce: "We're running 300-h.p. cars on 50-h.p. streets." But despite the highway toll, the cold fact is that safety on the road is greater now than it was before World...
...entire auto industry, 1955 will also be a year of decision. The fight to sell cars will be the roughest in history. To get ready for it, the automen have spent $1.3 billion on the greatest number of model changes ever. Not only are Ford and Chevvy at each other's throats, but Chrysler is out to get back the big share of the market that it lost to both of them this year. And for the smaller companies, 1955 may well answer a life-or-death question: Can they compete with the industry's giants, or will...
...people from buying G.M. cars." But he fervently hopes that they will be able to stand up to his Goliath and fight-and thus keep the long arm of the Government from mixing in the auto industry. Curtice thinks his competitors can do it, and so do they. For automen 1955 may well provide the answer...
...Henry Ford never liked outside stockholders in his company. He quarreled bitterly with them from 1903 until 1919, when he paid $75 million to get rid of them once and for all. But since his death in 1947 automen have often heard rumors that Ford Co. stock would be put on the market. Each time, the rumors were false. Last week the rumor was going around again, and this time Henry Ford II conceded that it was "pretty reliable." However, said Henry Ford II, "the stock which may be put up for sale is owned by the Ford Foundation...