Word: backlogs
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Oldsmobile has set its sights on 400,000 cars, 80,500 more than last year. Cadillac has a 93,000-car backlog to fill, is aiming at 117,000 cars and 50% of the luxury-car market...
...Brazil cleared up the last of its $425 million U.S. commercial-debt backlog as Finance Minister Oswaldo Aranha's policy of ruthlessly cutting imports-powerfully aided by the coffee boom and a $300 million U.S. Export-Import Bank loan-began to pay off fast. Aranha also struck a deal to settle Brazil's ?54 million arrears to Britain. Terms: ?10 million to be paid at once, the balance in annual payments of at least ?6 million...
...while still enormous ($78 billion), were equal to only 1.6 times monthly sales, just about the pre-Korea average. And at year's end, as inventories kept dropping, purchasing agents looked for a business upswing before 1954 was many months old, as business started to restock. However, the backlog of unfilled orders still stood at $61 billion at year's end, more than twice the pre-Korea total...
...fourth of the stock in the new company and a royalty of 5% on gross sales. In return, it gave its technical help, and undertook to train Japanese technicians in the U.S. Since then, the company has turned out $1,000,000 worth of cement-handling equipment, increased its backlog...
Though Curtiss-Wright has a backlog of almost $1 billion in orders, President Hurley is taking no chances in the feast-or-famine airplane business. A full 30% of his backlog is civilian business, and he is not concentrating on engines alone. Curtiss-Wright is making electronic equipment, textile spindles, windshield wipers, precision clutches, and diesel engine governors. A plastics division makes household gadgets, nylon-molded gears, wheels, and bushings for automobiles. Says Hurley: "Eventually, I would like to match our military business with civilian business, dollar for dollar...