Word: expand
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Dates: during 1950-1959
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...first annual meeting, in a big tent in Dearborn, Mich., Henry Ford II put production this year at "less than 6,000,000 units." Said Ford: "Production will remain a negative factor at least until the last quarter." Furthermore, he added, "it seems unlikely that the general economy will expand markedly during the remainder of 1956." The frank talk won Automan Ford a cheering vote from the 2,400 shareholders, some of whom had grumbled over the drop in Ford stock from 64½ to 53½. At the close of the meeting, many of them hurried forward to shake...
...auto industry. But FRB is watching the situation closely, and is ready to change at the first real sign of trouble. With its many monetary tools, it does not necessarily have to make money cheaper by relaxing the discount rate in order to ease credit. It may simply expand the money supply by stepping up purchases of Government securities on the open market, or reducing member-bank reserve requirements. Economists look for the Federal Reserve to start easing credit again soon, possibly in June or early July...
...week, Board Chairman Harvey S. Firestone Jr. of Firestone Tire & Rubber Co. took a long look ahead at the industry's future. "In ten years," he said, "world rubber consumption will climb 52% to 4,400,000 long tons annually. If demand is to be met, plans to expand must be put into effect now." Firestone did more than talk, he backed it with cash. His company announced plans for a $5,300,000 tire factory and a plantation in the Philippines which, starting in 1957, will roll out 100,000 tires a year at capacity...
...tire plant at Havana, Cuba, to be ready by 1957; plus more millions to expand existing plants in eight nations (England, South Africa, New Zealand, Canada, Switzerland, Spain, Argentina, Brazil); a big share of the $12 million cost of a new synthetic rubber plant which it will operate in Great Britain with other companies...
...million to buy two synthetic rubber plants, to expand production and make Firestone the first U.S. company to manufacture its own petrochemical synthetic ingredients-styrene and butadiene-in two huge plants abuilding at Orange, Texas...