Word: chevrolet
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Stoppage for G.M. By the end of last week, General Motors had laid off 185,000 production workers across the U.S. Following nine Chevrolet assembly plants previously shut down, G.M. halted all production of Pontiacs, Oldsmobiles and Cadillacs, closed down all but one Buick plant. By the end of this week, General Motors production, now at a mere trickle, will be stopped completely. Chrysler has already laid off 5,000 workers in ten plants, by week's end will be forced to lay off many more. Ford cut back to three-and four-day weeks to conserve its dwindling...
...mules as easily as about the national debt. While J. P. Morgan roamed the world in his 302-ft. yacht Corsair, Alexander's yacht is a loft. dinghy moored at his Cape Cod summer home. While Morgan traveled in private railway cars, Alexander gets about in a 1957 Chevrolet station wagon or a Corvette. While Morgan's hobby was spending millions for old masters. Alexander's chief delight is to get out in the country, climb onto a tractor to harrow or mow a field. He likes to polish his own shoes, buys his suits...
Detroit's automakers, who consume 15% to 20% of the nation's steel, are worst off, face heavy layoffs in the next few weeks. General Motors has already laid off 60,000 of its 330,000 production workers, will lay off another 60,000 this week. Chevrolet's Framingham, Mass, plant is closed; all but three of Chevy's other twelve assembly plants go down this week. Some of Chrysler's plants are on a four-day basis, and the companies may have to close some parts and components plants altogether this month because...
Only a few weeks before, Iraq's Premier Abdel Karim Kassem had been the nation's idol, but now the mention of his name drew sneers as well as applause from Baghdad crowds. As his tan Chevrolet station wagon rolled past the coffee shops on teeming Rashid Street, some coffee drinkers propped their legs on the café tables to show Kassem the soles of their feet-an Arab gesture of contempt. Demonstrators protesting last month's execution of 13 popular Iraqi army officers (TIME, Sept. 28) even dared to chant: "Allah is great, Kassem is crazy...
...first test of the 1960 auto market came last week as the new cars rolled into the nation's showrooms-and the rush was on. The big sales news of the week was made by Chevrolet's compact Corvair. In its first two days of public showing, the Corvair chalked up orders and deliveries of 26,000 cars, more than 35% of Chevy's two-day total of 75,000. The news was both good and bad for Chevy: the company had hoped to sell one Corvair for every five Chevrolets; instead, it was selling...