Word: detroit
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Dates: during 1940-1949
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...which has always proved a friend in need for Henry Kaiser, came through last week with a $34.4 million loan for Kaiser-Frazer. RFC said some of the cash would be used to tool up for a complete line of cars. (K-F now makes only four-door sedans.) Detroit also heard that about $5,000,000 would be used to turn out a car for under $1500 to challenge Ford, Plymouth and Chevrolet. Henry Kaiser, who has paid back $67.6 million of his federal loans, now owes the government $149.8 million...
Born. To Benson Ford, 30, vice president of the Ford Motor Co., head of the Lincoln-Mercury Division, and Edith Mc-Naughton Ford, 29, daughter of a onetime Cadillac Motor Car official: their first child, a son; in Detroit. Name: Benson Jr. Weight...
...Detroit's Charles Langs, who invented a stick-on, strapless bra named "Poses," but came a cropper when he tried to market it (TIME, Aug. 29), sold out to Textron Inc. The price: $70,000 in cash and the prospect of more in royalties. With the bright merchandising idea, Textron also got full title to the job of soothing irate Poses' customers who are griping over shoddy workmanship and non-delivery of orders...
Shadow Play. In Detroit, the motorist who got a parking ticket without the blanks filled in paid his fine by mail with an unsigned $2 check...
...wage demands and stuck merely to pensions; but his locals won't see it the same way as the public. To them, it could be made to look like betrayal--if the United Electrical Workers' propagandists make enough noise. And in the background is Reuther, the bright boy from Detroit, who would certainly like the presidency of the whole CIO. Reuther is very available indeed; he has the Ford pension plan in his hip pocket to show some concrete gains while Murray is still wrestling with Big Steel...