Word: chevrolet
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Dates: during 1960-1969
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With their sharklike snouts and flat fannies, the homemade Chaparrals of Oilman Jim Hall, 28, would not win any automotive beauty contests. Their Chevrolet engines put out 450 h.p. compared with 385 h.p. for the Fords and 350 for the Ferraris, but instead of manual gear boxes, they had-that's right-automatic transmissions. "Better acceleration," Hall insisted, and in a practice run for last week's twelve-hour Prix de 1'Endurance, he tooled around Sebring's 5.2-mile course in 2 min. 57.6 sec.-nine seconds better than the fastest Ford...
...Chile a 1965 Chevrolet Impala runs $15,000; even a two-or three-year-old Chewy brings double the original price...
Wisconsin's freshman Democratic Representative John A. Race, 50, made it picture-window clear that he has no conflict-of-interest problems. His statement of assets: 1961 Chevrolet, $1,000; home in Fond du Lac, $7,200 (minus a $6,000 mortgage); cash, $500. In fact, since he quit his $125-a-week machinist's job to campaign in July, he, his wife and daughter "have been eating bean soup and peanut-butter sandwiches"; and he borrowed $1,750 from his campaign fund, and $1,500 from the bank to tide him over until he could start collecting...
Detroit's hottest automaker, as a result, is Ford Division General Manager Lee Iacocca, 40 (TIME cover, April 17), who not only fathered the Mustang but ran his division so well that Ford in 1964 ate heavily into Chevrolet's predominant share of the middle-priced auto market...
...losers even in a good year. Ford's highly successful Mustang, a quarter of a million of which have been sold since its introduction in April, helped boost the company's sales 9.6% and increase its share of the market from 25.6% to 27.8%. G.M.'s Chevrolet Division, the industry leader, which sold nearly a third of all U.S. cars a few years ago, actually suffered a 5% decline in sales, dropping to 28% of the market. Sales at American Motors, the compact company that has failed to share in Detroit's prosperity, were down...