Word: chryslers
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Dates: during 1950-1959
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Like many businessmen going into Government service, New York's Harold Elstner Talbott Jr. gave up a good deal to join the Eisenhower Administration as Secretary of the Air Force. He sold his stock holdings (more than $700,000 worth), resigned as director of Chrysler Corp., cut all his business connections except one: half ownership of Mulligan & Co., a small Manhattan firm (15 employees) engaged in clerical-efficiency studies. Last week that side interest had Harold Talbott in trouble...
...Stratton into the seat of his Cadillac since last fall, signed the first U.S. law requiring new cars, after next July 1, to be equipped (i.e., with frame holes) so that seat belts can be fastened to the frame. In Detroit, Ford Motor Co. last week followed Chrysler's lead by making seat belts available to dealers as optional equipment for all post-1951 models (price $11.95 each...
...holiday weekend, Democratic Senate Leader Lyndon Johnson left the Mayflower hotel apartment of his friend and colleague, Georgia's Democratic Senator Walter George (who was recovering from bronchial trouble), and slipped behind the wheel of his blue Chrysler. He drove alone, through the stifling Washington heat, across the Potomac and 40 miles into Virginia to "Huntlands," the rolling estate of George Brown, Houston contractor and lavish contributor to Johnson's political campaigns. It was a trip from which Lyndon Johnson would return in a few hours-in an ambulance. He had suffered a coronary occlusion; doctors said...
...last week announced a $500 million expansion program, G.M.'s third major expansion in 18 months. It brought to $4 billion the company's postwar investment in U.S. and Canadian capital improvements. (Only two months ago Ford boosted its $1.7 billion postwar expansion program by $625 million; Chrysler is spending an estimated $625 million for expansion...
...Cleveland, Dallas and Miami. As a result, the National Automobile Dealers Association does not believe that dealers can even maintain the low (3%) profit margin on sales that they averaged for the first quarter. Said H. W. Robin son, general manager of Atlanta's Harry Sommers Inc. (Chrysler): "I haven't seen any profits for so long that I wouldn't know what they look like. All we are doing is working for the factory...