Word: chryslers
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Dates: during 1950-1959
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...Nielsen rating from a puny 7.1 to an astonishing 32.5. Welk and his 24-piece band are consistently beating the four NBC and CBS shows opposite him (People Are Funny, Jimmy Durante, Two for the Money, It's Always Jan). His delighted sponsor, the Dodge Division of Chrysler Corp.. has renewed his contract and arranged for him to have another hour-long TV show on Monday nights beginning in September...
...Chrysler made another 6,200-man reduction in its Plymouth force and cut 6,500 more in the Chrysler division, for a total 44,700 laid off, more than 40% of its workers. General Motors closed all assembly plants for a one-day layoff. With current production down almost 38%-and well below sales-it should not be too long before auto dealers start eating a big hole in their 900,000-car inventory...
Other first-quarter reports: ¶ In the slowed-down auto industry, Chrysler's first-quarter profits were down an estimated 50% to some $17 million. Yet giant General Motors, with sales of $3 billion, almost equal to 1955's record, lost only 9% with net earnings of $283 million for the first quarter. Ford's net dropped 28% below last year to $73,700,000, but it was still the second-best first quarter in the company's history. ¶ In chemicals, Union Carbide & Carbon Corp. touched new high ground with first-quarter sales...
...first public outing with Grace, the Prince rolled forth in his green Chrysler Imperial, was roadblocked by some 50 photographers, angrily retaliated by barring the lensmen from his palace and Wednesday's civil wedding (the religious ceremony is two days later). Wedding gifts kept pouring in, karat upon karat. From the principality itself and the Casino came, according to Newshen Inez Robb, "some basic or all-purpose diamonds": a $224,000 set of gem-crusted earrings, bracelet, necklace, ring and clips...
...built its own brand-new competitive V-8 engine plant, begun making its own bodies in a plant leased from Chrysler, talked the militant U.A.W. into reducing labor costs at Studebaker's South Bend factory to make them competitive with the rest of the industry, pioneered such engineering items on the Packard line as torsion-bar suspension and electrified push-button automatic shifts...