Word: automen
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With almost all the new models out, and retooling shutdowns over, automobile production rose to 126,045 last week, highest in four months. With that as a starter, automen predicted that 1950s first six months, at least, would be as good as -or better than-last year...
...Thomas. When Ferguson suddenly stopped investigating, Pearson's nose twitched, and off he went on the scent. Finally, last September, he sniffed out the story. The Merry-Go-Round ran an eye-opening letter from Thomas to Ferguson, threatening to denounce the Michigander for taking favors from big automen, unless he called off his investigation. Since neither Senator would want the note made public, where did Pearson get it? Apparently from. Tom Clark's Department of Justice...
...mandatory price controls. To police the backyard, Ford had already fired 23 dealers for grey marketeering. Most carmakers, while holding their own prices far under true market values, had actively campaigned against it. This week General Motors notified the Kearney agency that its franchise was canceled "effective immediately." But automen knew that, controls or not, there was just no way of checking deals in which buyers cooperated so eagerly...
...Automen wondered whether the lack of ledgers was the only stumbling block to production. Tucker claimed to have built 35 cars, but newsmen counted less than ten. The ruckus over the investigation sent Tucker stock skidding from a June high of 4¼ to 2⅛, and there was further trouble ahead. In New York stockholders charged that the company was headed for insolvency, asked the court to appoint a receiver...
...climax to all this redesigning at Ford will come in June. Then the 1949 Ford will be put on view. Automen guessed it would have wide, sweeping lines similar to the Lincoln. When it is ready, Ford will once again be able to give General Motors and Chrysler a race in each of the four big price classes...