Word: carly
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Dates: during 1950-1959
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...flying grandfather," Max Conrad, Mount Everest's Sherpa Tenzing Norgay, Fiat Auto Co. President Vittorio Valletta, the U.S. 686th Air Force band and choir (which serenaded him), the officers and men of his own Swiss Guard, and 30 of the carabinieri and motorcycle police who escort his car around Rome...
...well-founded reports were finally confirmed. Ford Motor Co. announced last week that it will introduce a small or compact car during the 1960 model year, "barring changes in the market or other circumstances." Thus it became the first of the Big Three to go on record, though crash programs of all the companies for small cars have been an open secret for weeks (TIME...
Actually, Henry Ford II and Chairman Ernest Breech had not intended to say anything about Ford's economy car until it was ready to be marketed, lest it keep people from buying this year's cars. What forced the company's hand was the fact that the Ford Foundation is preparing to sell some 2,000,000 shares of Ford Motor stock. Ford lawyers decided that the registration statement on the sale, required by the Securities and Exchange Commission, would have to take note of Ford's plans for the small car. Under...
Follow the Leader. Though the company gave no details about its six-cylinder, 108 in.-wheelbase car, it is known to be seriously considering producing an economy-size Edsel for the 1961 model year in addition to the compact car. It already has clay-model prototypes of a conventional-size Edsel and a compact Edsel. The compact Edsel would be a slightly larger version of next fall's compact Ford, might be brought out under another name in 1961 if Ford decides to continue producing the standard Edsel. The small Edsel or its counterpart could take the place...
Ford's announcement is sure to put pressure on competitors to announce definite plans for a small car. Only the day before the Ford announcement, Chrysler President Lester ("Tex") Colbert revealed that Chrysler has already spent $40 million to develop a six-cylinder small car with a 105-110-in. wheelbase. With a slap at Chevy's rear-engine small car, Colbert said the engine in Chrysler's car will be in front, "where it belongs." But Colbert emphasized that Chrysler will not decide whether to produce its cars until "late summer," added that he would withhold...