Word: diesel
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Dates: during 1950-1959
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FAST TAX WRITE-OFFS on 21 types of defense projects will be reinstated by the Office of Defense Mobilization. Among the expansion goals reinstated: airport facilities, iron ore, diesel locomotives, truck terminals, railroad passenger cars, petroleum pipelines...
...year). No railroad man, Alpert had helped McGinnis win his 1954 proxy fight for control of the New Haven, became a director, has been studying ways to improve the road. He plans to hire an operating boss, said he would buy "a large number" of new diesel locomotives, boost maintenance outlays $3,000,000 in 1956, and run trains on time again. Said he: "Until proper service is accorded to the public, the investors are not entitled to a return on their investment...
...timetable had fallen apart long before. When commuters protested McGinnis' $12 million slash in maintenance funds since 1953, McGinnis snapped: "I've given these politicians everything they asked for." In summer, when air conditioning broke down, McGinnis explained that the weather was "too hot." In winter, when diesel locomotives stalled because crews failed to drain condensation coils, he claimed that his engines were "freezing...
...Curtice loses some of the friendly crinkles around his eyes when he settles down between his two desks to run the corporation from the 14th floor of Detroit's General Motors Building. As he scans the reports from G.M.'s earth-girdling ventures in autos, Frigidaires, diesel locomotives, radios and earthmovers, he becomes again the eagle-sharp comptroller who can tell from figures how men and machines are doing. His predecessor, rumpled Engineer Charlie Wilson, used to gab cheerfully with friends, and occasionally gave friendly advice to some of his lesser competitors, such as Nash and Kaiser. Curtice...
...Mahoney dredged up three charges. He produced competing diesel-locomotive manufacturers to testify that a wartime order from the War Production Board made G.M. virtually the sole producer of long-range diesel locomotives. This, one witness said, gave the Detroit giant a "tremendous headstart" on postwar business, and as a result, G.M. today supplies 76% of all U.S. diesel locomotives. The next day Harold Hamilton, former G.M. vice president supervising its locomotive division, pointed out, however, that the company had actually lost ground during the war, its share of the market dropping from...