Word: chryslers
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Dates: during 1950-1959
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...despite antimonopoly rumblings from the Justice Department. With 50% of U.S. auto sales thus far in 1955, G.M. is boosting prices on 1956 models less than its competitors, has upped Pontiac, Buick, Oldsmobile and Cadillac between 2% and 5% v. increases of 3% to 8% for competing Ford and Chrysler models...
...models hit the showrooms, there was little indication that the automakers were paying attention to A.A.A.'s horsepower fear. Plymouth announced a 200 h.p. "Hy-Fire V8" to match Ford's 202 h.p. "Thunderbird V-8"; Dodge and Mercury were boosted to 225-230 h.p., while Chrysler and Lincoln were up to 285 h.p., with most of General Motors still to come. Horsepowers were so high that state legislators talked seriously about cutting speed limits, increasing fines and auto taxes, even passing laws requiring speed governors on every...
...Chrysler Corp. announced that it will build near Macedonia, Ohio an $85 million body-stamping plant, with enough capacity to supply all passenger-car divisions with fenders, body panels, deck lids and doors. Kaiser Aluminum & Chemical Corp. will spend $90 million to expand its Ravenswood, W. Va. sheet-and-foil plant, add to other facilities in Maryland, Louisiana and Washington. New Jersey Bell Telephone Co. decided to put out $100 million worth of new securities over the next two years to keep up with the growing population and record construction boom...
...between Lion Oil Co. and Monsanto Chemical Co., sent the big chemical company up 2¼ points to 50 ⅜ In autos, giant General Motors jumped | of a point to 143⅞ when its stockholders put final approval on the-three-for-one stock split announced two months ago. Chrysler stock took a ride on rumors that it, too, would split, jumped 4⅞ points in a day. The company quickly denied the rumor, but Chrysler kept rising anyway, closed the week at the year's high at 99⅜. Aluminum stocks started climbing at word that Western Electric...
...CHRYSLER COMEBACK will be pushed by one of the biggest expansion programs in auto history. President L. L. Colbert said that the company lost sales in 1955 because it was "not geared" to produce enough. So it will add seven regional plants and expand Detroit production over a ten-year period...