Word: chevrolet
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...walked into his office in Chicago's Loop one morning, he was told that his youngest son, John Fell Stevenson, 19, had been seriously injured in a highway accident. On his way home from Harvard, where he is a sophomore, John was driving his father's 1955 Chevrolet sedan on U.S. Highway 20, just east of Goshen, Ind., with three fellow Harvard students as passengers. As he drove over a hill, a truck, passing another at 50 m.p.h., smashed head-on into the car. Two young men sitting beside young Stevenson were killed, and one in the back...
When Durant's optimistic expansions and mergers ran him out of cash, the bankers began talking of the "saturation point" in the auto market, and moved in on him. After Durant went out of G.M., he drew on his enormous prestige with mechanics and investors alike, to found Chevrolet as part of a plan to regain control of G.M. In little more than a year, Chevrolet was valued at a fabulous $94 million. He offered a bargain trade of five shares of Chevrolet for one of G.M., while he also bought G.M. stock (G.M. stock went from...
...Flint is the world's most General Motorized city, and it says more about the state of the nation today than volumes of statistics. To begin with, the tricked-up Buick of the highest-salaried man in the U.S. is hardly noticeable among the bright new Buicks and Chevrolets along Flint's main streets. Flint is the home of the main Buick and Chevrolet plants, the Fisher Body, AC Spark Plug and Ternstedt Divisions (G.M. auto hardware...
...rather than receive, on his travels. Visiting Iran earlier this year, he presented the Queen with diamond jewelry worth $900,000. After attending the 1953 coronation of King Feisal, he presented the Iraqis who looked after him with a fabulous tip: $80,000 in cash, two Cadillacs and a Chevrolet. Last week he presented Prime Minister Nehru's daughter Indira with a golden headband and a diamond-studded wristwatch...
...Buick-Chevrolet-Pontiac Dealer Lee Anderson of Lake Orion, Mich., who complained that the company permitted employees to but cars at a discount for resale, had his facts wrong. Employees could buy only one car a year, had to promise not to sell it until introduction of the next model. G.M. canceled his franchise only after Anderson publicly and repeatedly "bitterly criticized" G.M. policies. But Anderson was not ruined; between 1946 and 1954, Anderson made $700,000 in salaries and profits...