Word: falconer
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OCTOBER CAR SALES of 538,000 v. 527,000 last year were record for month. Ten-month sales ran 7.8% above last year's level. Compacts accounted for 28.9% of October sales, with the Falcon continuing to lead the pack, putting Ford division ahead of Chevrolet for the month...
...manufacturer is taxed on his rate of sales-whether he earns a profit or not. Chrysler ran $5,400,000 in the red last year, still had to pay $31 million in local and state taxes-and rumbled that it might move elsewhere. When Ford located a new Falcon plant in Ohio, Williams put on his straightest face and complained that the company was depriving Michiganders of jobs. This year the Republicans' most effective campaign document is a list of 40 key companies-from ACF Industries to Philco-that have left Michigan. In the past decade, the number...
...steel indus try, which is also facing a new situation. Now operating at about 50% of capacity, steel has been hit by the popularity of the compact car. Ford's standard four-door Galaxie requires 3,349 lbs. of steel to build; a four-door compact Falcon with standard transmission requires 2,110 lbs. Thus Ford can build three Falcons with the steel that goes into two Galaxies. If, as some auto experts predict, 50% of all U.S. cars made next year are compacts, the industry would use about 2,000,000 fewer tons of steel...
Ford has returned to crisper, more conventional styling similar to the lines of its 1959 cars. Like Buick, the standard Fords are shorter and narrower. The compact Falcon is basically unchanged, has an optional engine that produces 101 h.p. (v. the standard 85-h.p. engine). Ford's successful Comet is also little changed, has a more powerful optional engine. New to Ford's line (TIME, Sept. 19) is a compact truck similar to the snub-nosed Volkswagen Micro...
...appearance as in action, Che is the world's most unorthodox banker. Dressed in black beret, green battle tunic and paratrooper jump boots, he drives his own Ford Falcon from his seaside home to the National Bank each working day just in time to begin his normal office hours-3 p.m. to 6 a.m. In the back seat, two guards carry Tommy guns at the ready. In his 30-ft., deep-carpeted office, Che tosses his Luger onto the long, cluttered desk, calls in the two Chilean Marxists who are his main economic advisers, and buckles down to work...