Word: automen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
While the financial branch of the auto business nervously chewed its fingernails in the back seat, automen in the driver's seat sped on to more production records, predicted that the total would reach 7.5 million cars this year, up a full 36% from 1954. With high wages and record employment, producers figure that U.S. workers can afford to go into debt. Only 9% of the nation's $266 billion disposable income goes into time payments, said a G.M. spokesman, but "14% or 15% with good credit would cause no damage...
...Detroit, automen estimated that the General Motors and Ford wage increases, together with the higher steel price and an expected increase in the prices of parts, may add an average $100 to the list price...
...Most automen had guessed that the U.A.W. would go easy on American. American President George Romney expressed the same hope before a Senate committee investigating competition in the auto industry. He pointed out that American is already paying higher wages than the Big Three, and its books are just beginning to show a profit (v. a $654,390 loss in 1955's first quarter). But last week the U.A.W. made it clear that the independents must follow the Ford-General Motors pattern. Said Leonard Woodcock, U.A.W. vice president and Reuther's chieftain for American Motors: American...
...Lawrence R. Hafstad, 51, first chief of the Atomic Energy Commission's reactor development division, was named head of General Motors research division, replacing Vice President Charles L. McCuen, 63, who will retire this year. With G.M. anxious to make use of atomic power, automen believe that Hafstad has been hired to devise an atomic engine...
...based on improved productivity, plus increased pension payments and other benefits. The combined cost of all this, said the union, would be much less than it had won in some previous bargaining sessions, such as 1946. when it won 18½? plus some "fringe'' benefits. But Detroit automen estimated that the union's demands would cost upwards of 28? an hour, might add more than $1 billion a year to the combined General Motors and Ford wage bill. This week the bargain-battling was due to start in earnest, with...