Word: automen
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...started a new quarter and a new year with scheduled production 85% ahead of the final quarter of 1959. Between now and March 31, the industry expects to produce 2,250,000 cars. It will be the largest first-quarter production in history, if there is no labor trouble. Automen predict that 1960 sales, including 500,000 imports, will soar above 7,000,000. American Motors'George Romney, most enthusiastic of the lot, forecasts...
Back in the days when I sold products instead of services, no one guaranteed to take all we could produce, nor does the Government guarantee the automen that all autos they can manufacture will be sold, and the same with steel, etc. Why should the Government tell the farmer that someone will buy all he can grow...
...European automen are sure that Flick yearns to grow still bigger. They buzz that he is working toward a merger with a major French or Italian automaker to dominate the car industry in the European Common Market. He has had Daimler buy preferred shares that can be converted into 5% of Studebaker-Packard Corp., his U.S. distributor. But a key factor in Daimler-Benz's plans will be the effect of the new U.S. compact cars on Mercedes' vital U.S. sales. Daimler-Benz is less worried than most other European car makers. Says President Fritz Konecke: "Our appeal...
...quarter in the company's history, lifted Ford's half-year earnings 1,676% over last year, to a record $5.22 a share. Though Ford's second-quarter sales were only $3.7 million higher than the first quarter, its profits rose $16.3 million, demonstrating what automen have long known: once they hurdle the hump of initial cost and keep on selling, the profit dollars pile up with amazing speed...
...automen enjoying their first spring buying surge in four years, the new sales figures last week were eye openers. During May, dealers sold 529,800 U.S.-built cars, 34% more than a year earlier and the highest total for any month in two years...