Word: bended
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...South Bend, on a cold grey day with gently descending snow, workers poured from the plant in shock and anger. In Hamilton, Ont., the news was greeted with elation, and men quickly lined up to apply for jobs. Across the U.S., 1,900 dealers sat in their showrooms and forlornly surveyed an uncertain future. In a move long expected but nonetheless shocking when it came, Studebaker Corp. announced that it was dropping auto production in the U.S.-111 years after its founding as a carriage maker and 61 since it turned out its first auto. The company insisted that...
Unhappy Event. Though anticipated, Studebaker's decision was an unhappy event for many. More than 7,000 men and women will lose their jobs in Studebaker's 6,000,000-sq.-ft. South Bend plant. Part of the engineering and design staffs will move to Hamilton, and only 900 production workers will be kept on in South Bend to produce some of the parts for the Canadian assembly plant. Realizing that Studebaker's future was precarious, the city of South Bend has been diversifying its industrial base for several years to cushion the shock; Studebaker has recently...
Profit Motive. What happened to Studebaker? South Bend was too remote from Detroit to enable the company to move quickly with all the industry's new trends, and Studebaker's ancient plant there was hopelessly inefficient. The company's dealer organization was too small, haphazard and ineffectual. Efforts to revitalize the company were snarled by lack of cash and a series of incredible production snafus. In the past five years, Studebaker has lost at least $40 million in automaking; this year, despite the introduction of pleasantly restyled 1964 models, sales for the first eleven months fell...
...picked up so many new companies (appliances, chemicals, superchargers) that half of its $400 million sales this year came from nonautomotive divisions. These divisions earned $12 million-though the company will end the year heavily in the red because of auto losses and the cost of closing the South Bend plant. Freed from its auto losses and armed with a healthy tax write-off, Studebaker says that it expects to make an overall profit next year...
...muscle in his arm, just as if he intended to make a fist, the servo-electric system relays the signals and his artificial hand clenches in a fist. The lightweight arm is so versatile that the wearer can unscrew a light bulb, lift weights up to 9 lbs., and bend every knuckle on every finger...