Word: chryslers
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Dates: during 1950-1959
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...Reserve Board last week, rose three points to 141% of the 1947-49 average, was within four points of its pre-recession peak of August 1957, and two points above a year ago. The rise was largely due to a jump in auto production, which, despite a strike at Chrysler (see below), last week reached 142,609 cars...
Encouraged by the news from the sales floors, automakers last week concentrated on stepping up production. Though Chrysler Corp. suffered a 14% drop in output because of labor troubles. General Motors scheduled a rise of 25%, Ford 21%. Not until dealers have all the cars they want, sometime in January, will automakers know whether the present spurt is temporary or the signal of a good year ahead. Only then will the industry know whether auto sales can avoid the sharp dip of last January, when the auto recession really...
Payrolls were growing fatter because basic industries continued to pick up: Chrysler and American Motors plants helped boost output to 141,072 cars, 20% above the week before and 13% higher than any week in 1958.
...Atlanta's Nalley Chevrolet. "This shortage hurts badly." Pontiac Dealer A. E. England of Hollywood, Calif, said that "You can't firm an order when you haven't got a model to show," and Irving Esserman of Chicago's Esserman Motor Sales, a large Chrysler-Plymouth dealer, said flatly that "We're being strangled by the shortage of cars. We can't make delivery commitments, and we're losing business...
Though the Budd strike and the aftermath of the Chrysler strike will cut this week's production under last week's 1958 high of 125,279 cars, most automakers are putting on full steam to catch up to the healthy demand. Chevrolet last week produced 35,000 cars to pass Ford in weekly output for the first time this model year, hopes to reach 42,000 in three weeks...