Word: carse
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Dates: during 1940-1949
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In return, Tucker promised Karsten 10% of the class B promotional stock, a distributorship in Southern California, and a monthly salary of $2,000 until Tucker started delivering cars. To camouflage payments to him, said SEC, Tucker overpaid a public-relations firm which kicked back some of the money to...
SEC's concern was not shared by another Government agency, WAA. For ten months Tucker has had a provisional lease on the Dodge plant, subject only to his ability to show WAA $15 million in cash on July 1, as proof that he was in a position to make...
For the rest of the summer, at least, the Midwest will have no more gasoline than in 1946-and consumption is up about 15%. The Midwest felt the pinch first because the railroads, swamped by the bumper wheat crop, could not haul enough tank cars. The East Coast, supplied by...
But the wraps became a strait jacket. The small British cars could not compete in the foreign market. If manufacturers wanted to sell abroad, they had to make bigger export models, an expensive process. So production remained small, prices high, and there was little standardization.
Now British manufacturers can concentrate on a few medium-horsepower models that will sell at home, compete better with U.S. cars abroad. For example the Nuffield organization (Morris Motors, Ltd.), now producing 24 models, will reduce to twelve. But carmakers will probably need two years to retool for the new...