Word: braziller
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Dates: during 1960-1969
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...During World War II, Allied pilots had numerous encounters with "foo-fighters," mysterious luminous globs that flew alongside their airplanes. In 1946, there were thousands of sightings in Sweden of what were first thought to be secret Russian missiles. In recent years, UFO waves have occurred in France, Britain, Brazil, Spain, Italy, North Africa and Australia, and occasional UFOs have been seen over most other nations...
...case involves several sightings in the vicinity of Levelland, Texas, on the night of Nov. 2, 1957, when glowing elliptical objects 200 ft. long hovered over highways, terrifying several motorists and causing their cars' ignition and lights to fail. A third apparently inexplicable case occurred off Trindade Isle, Brazil, during daylight on Jan. 16, 1958, when scientific personnel aboard a Brazilian navy ship spotted a Saturn-shaped UFO and photographed it four times...
...Recently it established Ford of Europe, Inc. to provide better overall control of its British and Continental subsidiaries. Last week Ford was market building again outside the U.S., this time looking south to Latin America. The company announced it is buying a majority interest in Willys-Overland do Brasil, Brazil's second largest automaker...
...German auto industry (see following story) is first in Brazil, with Volkswagen. A dozen other U.S. and European carmakers are also on the scene. Ford has assembled trucks in Brazil since 1919, completely built them there since 1957, but until recently has stayed out of the passenger-car field. Five months ago, Ford began building Galaxies in Brazil; by May they were selling almost as well as Willys-Over-land's boxy Aero-Willys and Itamaratys. Impressed by the possibilities, Ford bid to buy out its nearest competitor and acquire not only better production plants but also a more...
Ford's thoughts coincided with those of California Industrialist Edgar F. Kaiser, who also sensed a rising demand among Brazilians for more and better cars. Kaiser, with a 38% interest in Willys, has been building autos in Brazil since 1953, but has gradually realized that despite a lucrative business-Willys built 62,809 cars in Brazil last year -he has neither the technology nor the capital to keep up with a changing market. As part of a $40 million deal, he agreed to sell out to Ford...