Word: automen
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Dates: during 1960-1969
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...auto industry tooled down the last lap of its second-best year in history, the annual numbers game of forecasting 1961's production and sales was in full swing-with automen taking the high road and Washington economists the low road...
...Automen also sharply criticized the Government's failure to forecast sales as well as production. At week's end the Commerce Department did just that, issuing a second report forecasting sales of 6,500,000 cars for 1961, only slightly below this year's total. This cheered Detroit somewhat, though-allowing for inventory holdovers from 1960 production and imports-it altered the 1961 production estimates...
Even within the Ford hierarchy, businesslike Bob McNamara was to many little more than an awesome name. Up daily at 6, he was at his desk in Dearborn no later than 7:30, seldom left before 6. He rarely attended the hail-fellow parties other automen love, even more rarely invited the brass to his home-a modest, $50,000 English Tudor house near the University of Michigan campus in Ann Arbor, far from the mansions of most other auto executives in Bloomfield Hills and Grosse Pointe. An ardent mountain climber, McNamara reads widely and well (current choices: The Phenomenon...
...wanted absolute control of the British company, in which it already owns 54.6% of the stock, to give "greater operational flexibility and enable us better to coordinate our European and American operations." Ford owns 99% of Ford of Germany, recently increased holdings in Ford of Canada to 75%. U.S. automen figure that overseas markets will grow faster than the U.S. market, since there is now only one car for every 32 persons in the world to one car for every three people in the U.S. With full ownership Ford would be able to move faster in the competitive race, coordinating...
...cars in dealers' hands, enough to last for about 56 days at the current rate of sales and 125,000 more cars than were on hand last year. To move them, automakers are offering bonuses to dealers as high as $250 for each sale, but many automen candidly admit that much of the steam was stolen from the cleanup drive by similar bonus sales held last spring...