Word: automen
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Dates: during 1960-1969
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Despite such becoming modesty from G.M., other automen still consider the company nearly invincible in organization and talent and unbeatable in manufacturing efficiency. Still, G.M. last week made an impressive point: as long as other companies hustle, there will presumably be plenty of competition in U.S. automaking...
Auto-company executives, like election candidates, have never been known to poor-mouth their prospects. So when automen early this year talked down economic uncertainties and talked up a robust 9,000,000-car sales year, it seemed like just more chrome from Detroit's brass. Not any more, though. The way auto sales are going, the industry may find itself for once guilty of understatement...
Price Scare. The industry is understandably jubilant. At a time of year when they are often backing down, automen are happily revising earlier forecasts upward. Chrysler President Virgil Boyd, in one of the year's more conservative estimates, predicts that 9.3 million car sales are pretty much a certainty. That might very well push 1968 over 1965, when the total sales, including 575,000 imports, added up to a record 9,313,912 cars...
...month, Ford Vice Chairman Arjay Miller leaned over to his companion and said he intended to quit. He said he had been invited to head Stanford University's Graduate School for Business effective next July. Miller recalls: "Mr. Ford understood why I wanted to go." So did other automen in Detroit. Miller's leavetaking had been expected since February, when Henry Ford II raided General Motors and came away with Semon E. Knudsen to replace him as president at Ford. Miller at 51 was shunted sideways into the newly created spot of vice chairman-after 22 years with...
...personal income and consumer spending to add up to "a moderate recession." In any case, the impact of peace will hit industries, areas and manpower unevenly. Many industries likely to lose war business-autos, textiles, rubber, for example-are those that can readily turn to industrial and consumer markets. Automen predict a big demand for cars among discharged veterans, and the housing industry, now confronted with another pinch in its mortgage-credit lifeline, foresees a major upturn fueled by lower interest rates if peace comes. Such an upturn would also lift sales of appliances, furniture and retail stores...