Word: chevrolet
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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...
...Roger Penske, 27: a sweep of the first two major races in the Bahamas Speed Weeks, at Nassau's twisting, 4.5-mi. Oakes Field race course. Driving a Corvette Grand Sport, Penske averaged 95.5 m.p.h. to win the Tourist Trophy race for sports cars, switched to a Chevrolet-powered Chaparral to beat A. J. Foyt for the Governor's Cup, averaging a record 100.1 m.p.h. for the 112.5-mi. race...
...specifically fingered. To be on the safe side, Mission Chief Colonel Henry Choate, 47, came by the next morning to give him a lift to work. Even so, the kidnaping took only 20 seconds. As Smolen was walking to Choate's car at 8 a.m., a 1958 Chevrolet sedan raced up, and out popped two hoods. Leveling a submachine gun at Smolen, they hustled him into the Chevy. Colonel Choate started out of his car, saw what was happening, and took off, high-hurdling through fenced yards until he was clear...