Word: avco
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Lieut. General (U.S.A., ret.) Albert Coady Wedemeyer, 58, was elected a vice president and director of Rheem Manufacturing Co. (shipping containers, household appliances, guided-missile components). To take the job, General Wedemeyer resigned as a vice president of Avco Manufacturing Corp. (appliances, electronics and farm equipment), a post he has held since his retirement from the Army...
...retired general, now vice-president and director of the Avco Corporation, blamed the West's loss of China during the last decade on its "failure to indicate continued support for Chiang's Nationalist government." Right after the last war "the Chinese loved us," he said, but they became disillusioned "when we failed to support their leader...
IGHUGS, said the spokesmen gathered in the plush, paneled Chicago directors' room of the International Harvester Co., is already backed by the American Medical Association, Avco Manufacturing Corp., General Electric and Sears, Roebuck as well as Quaker Oats, International Harvester and the General Federation of Women's Clubs. U.S. farm organizations have been invited into the act, although thus far with little reaction. By spring, if the hopes of IGHUG's high command come to fruition, 15,000 women's clubs will be dramatizing the words of Founder John McCaffrey, president of International Harvester: "Government, like...
Bypassing the middleman is not so promising for makers of consumer goods; mass production of goods requires mass outlets. Avco Manufacturing Corp., for example, calculates that it needs 10,000 to 12,000 dealers to get a sufficient share of the appliance market to keep its factories running. The cost of reaching them is often more than one producer alone can afford. Thus a distiller estimated that he would have to employ a minimum of 75 salesmen and invest $500,000 to $1,000,000 to service the more than 32,000 liquor licensees in metropolitan New York alone...
...Output of air-cooled tank engines, now being supplied by Avco, Continental Motors in Muskegon, Mich., and a Chrysler-operated Government plant at New Orleans, will be concentrated entirely in Continental Motors, original designer of the engines...