Word: cartelism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Cartel. "A cartel without Mr. Ford would be useless and hence we are forced to continue our present wasteful, extravagant methods in spite of the depression." So last week spoke Andre Citroen, Europe-bound, after explaining that unwillingness to cooperate on Mr. Ford's part had dashed his plans for an automobile cartel (TIME, Oct. 26).* Last week Ford's world 1931 production was estimated by the New York Daily Investment News at 800,000 cars, equal to the estimate for Chevrolet, greater than that of any other competitor. Also last week, a Ford wage-cut heralded...
...motormen at the luncheon listened attentively to what M. Citroen had come to say: let there be an international cartel to limit production, eliminate too stiff world competition. Members of it would be the five biggest motormaking nations: the U. S. (80% of world production). France, England, Canada and Germany. Since many U. S. companies find in exports their margin of profit, and since the U. S. has lost ground abroad during the past two years, such a cartel might not be repugnant to big U. S. producers...
...suggesting a car cartel, M. Citroen said he did not propose to start an invasion of the U. S. market, merely wanted "a binding agreement which would prevent competition in such severe form that manufacturers would suffer." If it should materialize, the cartel would necessitate the formation of an export association in the U. S., could not affect competition in the domestic market...
Observers who last year called the cartel an armistice rather than a peace were not surprised at what happened at the meetings which have been going on for the last two months. Chile arrived in a much better bargaining position than last year. Its industry has been concentrated in a trust, the "Cosach"; costs have been reduced and the selling price set at lower levels through removal of the export tax. Representing the Cosach was its president, Norse-born E. A. Cappelen Smith, skilled developer of the Guggenheim Process; representing the Guggenheims was broad-shouldered Edward Savage of Manhattan, Cosach...
Observers can only guess who will come out on top. In the U. S., synthetic producers have enlarged their capacity, will enter no agreements. As soon as the cartel was broken, the price of sulphate of ammonia, a nitrate fertilizer, broke $4.50 per ton to $27.50. Biggest of U. S. nitrate companies is Allied Chemical & Dye, buyer of all the sulphate of ammonia which forms in the ovens of United States Steel...