Word: backlogs
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...spend only half their working hours on union business. Ford and Chrysler, whose contracts expired three days after G.M.'s, followed the G.M. formula for operating in the no-contract period. If there are no contracts by the end of June, automakers may shut down. With a backlog of 760,000 cars, automakers prefer a showdown in the next few weeks to giving the union a chance to call a strike at the crucial model-changeover time...
Reason for the softening of demands was that the automakers had rallied as never before to put up a united front against the U.A.W. Furthermore, Reuther himself conceded that to strike now "would be insane" because dealers have a two-month backlog of unsold new cars. Instead, Reuther wanted to stretch out the contracts week by week, hoping to stall until the 1959 models start to roll out in September, when a strike threat might be heard more clearly...
Hoadley called the recession "an interim" between the great boom that ended last summer and another great boom that he expects will begin in the early 1960s. "It is likely to be difficult," he said, "to come out of this very rapidly." His reasons: 1) the artificial backlog of pent-up postwar demand has been satisfied; 2) the population boom is over for at least five years because of the low Depression-years' birth rate; 3) expenditures for new plants and equipment are likely to continue downward because of the nation's already large productive capacity; 4) consumer...
...majors have been recording stereophonically (i.e., channeling the sound into two tracks) as well as monaurally for several years to build a repertory backlog for eventually selling the average home listener on stereo's extra depth and clarity. A small fraction of the recordings is on the market as stereo tapes, but the high cost of tape equipment and of the tape itself ($14.95 and up for the amount of music that goes for $3.98 or $4.98 on LPs) limits its sale. As an alternative, the industry concentrated its research on the development of a stereo disk that would...
...hitting on the right answers often enough, Boutelle boosted sales from $30.5 million in 1948 to $158.6 million last year, now has a $170 million backlog. Profits jumped from $1,211,563 in 1948 to $4,270,650 in 1955, then slipped to $1,951,484 in 1956, $503,331 last year because of a heavy write-off on the F27. Going into 1958, Fairchild is still writing off on the F27, and will probably show a net loss for the first six months. But the company expects military and civilian orders to increase so fast during the latter half...