Word: compacter
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...Ford, McNamara played a major role in bringing out the compact, best-selling Falcon (and a lesser one in putting together the ill-fated Edsel). He also dismayed car connoisseurs by changing the sporty Thunderbird from a two-seater to a four-seater-a decision, however, that more than tripled "T-bird" sales. As a reward for such judgments, McNamara has become a millionaire, and last year earned $410,000 (about $150,000 after taxes). Last week McNamara announced that in addition to taking a mammoth salary cut to serve as Defense Secretary (statutory pay: $25,000, plus...
...evangelist of the auto industry, President George Romney of American Motors Corp., announced last week that he was "lighting the candle" for his second crusade. (His first: the compact car.) The new crusade, he declared at a New York press conference, is a "progress-sharing plan to aid the neglected consumer." As of Dec. 1 through March, customers who buy American Motors cars will get rebates of U.S. Savings Bonds if sales increase enough over the year-ago levels...
...kiss his hand. A small Moslem boy gave De Gaulle everything he had-his sodden luncheon sandwich. For nearly a quarter of an hour, De Gaulle was literally lost in a sea of grinning, cheering faces. To make sure no harm could come to him, the Moslems formed a compact mass and escorted De Gaulle back to his car, where his bodyguards were waiting, pale with apprehension. Said a tough French general: "It was one of the most moving things I have ever seen...
...Rockaway Beach a fight promoter admired his compact little build, put him in the ring, and he won eight bouts before the ninth opponent according to Fritz, it was Tony Canzoneri, later featherweight champion of the world knocked him out after three seconds of the first round. He taught riding at a resort in New Hampshire, worked as a mail rider packing the post into a gold mine near Cooke City, Mont. He played tinkly-tonk piano in little bins in Greenwich Village, Third Avenue bars, beer halls in Manhattan's German quarter. He took three weeks to learn...
Autos. For the first time since 1957 Chrysler Corp. managed to make a third-quarter profit due to the sales of the compact Valiant and the Dodge Dart. While only $1.4 million, it compared with a loss of $34.2 million last year. Nine-month earnings were also ahead, $2.84 per share this year v. $2.73 last year. On the other hand, earnings of General Motors, hit by high tooling costs for its new compact cars, dropped 34% in the third quarter from 47^ per share to 30^ on a 5% sales increase. Nine-months earnings also ran behind a year...