Word: cutbacks
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Dates: during 1950-1959
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...dealers complained that they could not sell all the cars Detroit turned out. Texas dealers passed a resolution condemning "the production of automobiles in quantities far in excess of the number which can be orderly and efficiently sold." Kansas dealers, at their convention, called for a production cutback. Even one of the manufacturers joined the chorus. Said Studebaker's Chairman Paul G. Hoffman: "The automobile factories must limit their production to that volume of cars which . . . can be sold at a profit, by retail dealers . . . Profitless prosperity on the part of the dealers will, over the long pull, result...
DODGE and Willys will share a $60.6 million cutback in Army orders for trucks and jeeps next year. Dodge, which has been making $5,000,000 worth of 34-ton trucks and ambulances a month, will have its orders pared down 37% after Jan. 1. Willys, the Army's sole supplier of jeeps, will have its orders trimmed...
...hasty. July's saving actually was a bookkeeping fluke brought about by several happenstance facts. No payments had been made during the month toward either the Post Office deficit or the Civil Service Commission's retirement fund. Thus the "saving" was only a paper cutback of $500 million, much of which must be paid. The fiscal crisis could not be figured out of existence. He could solve it only by 1) slashing all Government spending, including defense, until outgo meets income, or 2) getting the ceiling lifted by a special session of Congress. Humphrey's own Treasury...
FARM-TRACTOR sales have slumped so badly that International Harvester will slash production at its Rock Island, 111. plant in half this week, its biggest cutback since...
What, he asked, could justify the price hikes at a time of "sustained high earnings" and when "stringent reduction of oil imports is being urged" because of a surplus and cutback in U.S. production? Since all the companies increased prices at almost the same time, he also suspected "collusion." called for an investigation...