Word: edsel
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Dates: during 1960-1969
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...conservative place in the 1930s. All the auto companies, but mostly Ford, gained a sorry renown for the driving tactics of their harsh foremen and production speedups. The secret policeman, the stool pigeon and the scab nourished. When these tactics were protested by Ford's only son, Edsel, the old autocrat gradually withdrew from him, both professionally and personally, and gave increasing powers and recognition to his devious little chief of "internal security," Harry Bennett, a former sailor and sometime boxer...
...Bayton Art Institute, which is now showing a large exhibition of the long-overlooked school of Genoa, has been given paintings by the two best artists in the group-Cambiaso and Magnasco. In Detroit, Mrs. Edsel Ford gave to the Institute of Art a 15th century Flemish sculpture called Lamentation over the Body of the Dead Christ that was carved after a design by Rogier van der Weyden and for centuries belonged to the Dukes of Arenberg. The Cleveland Art Museum's acquisitions in the old master class range from a landscape by Claude Lorrain through a newly discovered...
...Edsel & Friend. Two years ago, Belgium decided to set the territory free, and drew up a timetable for independence. Belgium hoped that the two territories would tie together in a single economic and political entity, but the hope was futile. Burundi's Watutsi ruler, Mwami (King) Mwambutsa IV, had made such a concentrated effort to dilute the caste system that in free elections the Bahutu majority overwhelmingly voted for a separate constitutional monarchy under his leadership. Genuinely popular with both the Watutsi and the Bahutu, Mwambutsa is an accomplished amateur magician who nightly performs his feats of prestidigitation...
...contrast, the Edsel fiasco cost Ford Motor Co. about $200 million.) With the 1961 write-offs, the great bulk of G.D.'s jet transport losses had presumably been accounted for, and some Wall Streeters were predicting that the company might earn as much as $3.75 a share this year. But under the terms of a $135 million Prudential loan, which requires General Dynamics to make up past losses before it pays out any more cash dividends, shareholders can expect dividends only after future earnings "exceed
...compact compact," a 99-in. wheelbase car called the Cardinal. Designed to capture a chunk of the market now held by the Rambler American and such utility imports as the Volkswagen, the Cardinal will be produced, starting in July, at the same Louisville plant that made the ill-fated Edsel. To cut labor costs, Ford will have some Cardinal parts-including the engine, transmission and differential-machined in Germany and shipped to Louisville for assembly. Ford's German and British subsidiaries will manufacture local variants of the Cardinal...