Word: curtisses
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...record $19.62 per ton for oil from Persian Gulf to United Kingdom). Ship prices are also following trend, with standard T-2 tankers currently pegged at $3 million v. $2.2 million as late as last April. 1957 PACKARD will be produced despite reports that Studebaker-Packard and Rescuer Curtiss-Wright would drop next year's model. In January, company will start turning out either face-lifted 1956 model or redesigned and upgraded Studebaker bearing Packard name. Completely new model based on experimental Predictor (TIME, April 23) will come...
Within seconds, the plane's Curtiss-Wright rocket engine-powerful enough to drive a Navy cruiser-cut in with a roar. Violently the X-2 shot forward. Everest brought up her nose and began an accelerating climb to 70,000 ft. There, under the deep-purple sky, he leveled off, fired up all the rocket power he had and set out for his goal: 2,500 m.p.h.. 850 m.p.h. faster than man had ever flown. The machmeter danced upwards-2.1. 2.2, 2.3. But something was wrong. Trouble in the X-2's engine was holding her down...
RESCUE PACT between Studebaker-Packard Corp. and Curtiss-Wright Corp. reached secretly last month (TIME, July 30), was finally made official. In addition to the expected provisions, e.g., the aviation company will run Studebaker-Packard under terms of a management contract, Curtiss-Wright revealed that it is negotiating a contract with West Germany's Daimler-Benz A.G. that will give Studebaker-Packard access to new German engineering developments and may ultimately result in the U.S. auto firm's distributing Daimler-Benz cars and trucks...
Predictors & Mercedes. Under the present deal, Studebaker will consolidate all automaking at South Bend, leaving the defense business to Curtiss. With its new funds, it will be able to bring out a 1957 Studebaker line on schedule. However it will probably stop making Packards for a year, wait until 1958, when it can develop an interchangeable body shell with Studebaker along the lines of its Packard Predictor dream car. Another possibility: that West Germany's Daimler-Benz will come in on the agreement, use Studebaker's dealer setup to distribute Mercedes cars and trucks in the U.S. Eventually...
...James Nance will step down as Studebaker's chief executive, remain only as a consultant to the board of directors. Into his place will go Harold E. Churchill, 53, Studebaker's general manager, who has been with the company since 1926. But the real boss will be Curtiss-Wright President Roy T. Hurley, himself a veteran automan, who learned the fine points of the industry as Ford's director of manufacturing. Taking over Curtiss in 1949 when it was doing poorly, he cut costs and boosted production so effectively that the company turned a profit...