Word: bendixes
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Dates: during 1940-1949
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...public its 29.1% interest (1,000,061 shares) in North American Aviation, Inc. The sale, to be made soon, is in line with G.M.'s policy to get out of companies with which it has no "direct business relationship." (It recently unloaded an 18.9% common stock interest in Bendix Aviation Corp. and 344,000 shares of Greyhound Corp.) To make the separation complete, North American President James Howard ("Dutch") Kindelberger was moved up to replace Henry Michael Hogan, a G.M. vice president, as chairman of North American's board...
...Bendix Home Appliances Inc., which revolutionized the washing-machine industry eleven years ago with its automatic home washer, was all ready last week to do it again. As a starter, it cut prices 7%, the first postwar reductions by a major producer in the automatic-washer field. Then it announced that it had bought Cleveland's H. J. Rand Washing Machine Corp., along with the rights to a "radically different" machine, which it hopes to put on the market next fall. With price cuts and new machine, Bendix hopes to fend off the score of new washers which have...
...Conditioned Mattress. His father did not get in the company, says young Rand, because "he didn't think much of it.'' But the washer has already paid off handsomely. All told, Bendix will pay $500,000 down, plus a royalty of $2.50 apiece on the first 100,000 washers. (It will scale down to $1 apiece after...
...Palaces. The pilots were blond, boyish Clifford Evans, 27, an ex-A.A.F. pilot, and stubby, pot-bellied George Truman*, 39, a veteran flying instructor. Last summer they wangled two used Super Cruiser airframes from Piper Aircraft, engines from Lycoming, Gyrosyn compasses from Sperry and radio, equipment from Bendix. They ripped out the passenger seat behind the pilot's seat and installed 100-gallon tanks, packed in a few charts, radio spares, a can of dope (i.e., glue) for repairing the wing fabric, one good suit and a white shirt apiece. Early in August, they kissed their wives goodbye...
Gold-Plated Greetings. As a publicity stunt, Bendix Home Appliances, Inc. sent a gold-and-silver-plated duplicate of its one-millionth production unit to the Vatican as a present for Pope Pius XII. The Edison Institute at Dearborn, Mich. fared even better; it got the actual model-entirely goldplated...