Word: dieselization
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Both G.M. and Ford have been negotiating with the Spanish government, but failed to reach an agreement because of a new government regulation requiring unrealistically high auto output. Taking another tack, Townsend paid $17 million for a 35% interest in Madrid's thriving Barreiros Diesel S.A., Spain's biggest privately owned truck and enginemaker, which is not bound by the new decree. Aided by Chrysler know-how and money, President Eduardo Barreiros, 43 (TIME, April 12), will build a new plant, intends to produce 15,000 Dodge Darts the first year. Another attractive angle for Chrysler: autos made...
...board to consist of two management members, two labor members and three public representatives. The board was given 90 days to dictate a settlement on two key issues between railway management and labor: the size of work crews, and the continued employment of some 32,000 unneeded firemen on diesel trains. The board's decisions, binding on both labor and management, would take effect in two more months...
...twelve maroon-colored coaches, each bearing the royal coat of arms and the royal cipher, E R II. As they sped along at 80 m.p.h., the postal clerks busily sorted letters from hundreds of mailbags scooped up from gantries en route. In the "High Value" coach right behind the diesel locomotive, five particularly experienced sorters were on duty, sealed into their car with a pre cious cargo of $7,145,600 in bank notes, many of them old bills destined to be taken out of circulation - though not as it actually happened...
...three years, Southern hired no new firemen. The union, preoccupied with its national struggle, did not go to court about the Southern until last September. After an involved wrangle, the union obtained a federal court decision requiring the Southern to abide by the old rule-a fireman on every diesel-until the dispute is decided by the National Railroad Adjustment Board...
Meanwhile, Fireman Glass collected $197.97 for his first twelve days in the diesel cab. He paid his rent, bought a new watch for his wife, new shoes for himself. He has already experienced one brief layoff in his short railroad career, but it did not bother him. "That's railroadin', I guess," he says...