Word: fiat
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ITALIAN AUTO BOOM pushed record first-half '56 production 15% ahead of last year, 30% over '54. Fiat leads the way, finds that its baby "600" is gaining favor even in Volkswagen Germany...
...this new mass market, old distinctions between luxuries and necessities have a way of disappearing fast, and yesterday's luxury becomes today's need. Thus, one day in January 1950, by federal fiat, the TV set was suddenly transformed in effect from luxury to necessity. This happened when the Bureau of Labor Statistics decided that TV sets belonged on the list of the hundreds of items it uses to compile its cost-of-living index. Three years later, by BLS "decree," automatic laundry service and biscuit mix also became necessities. It is easily conceivable that in time...
...when the first question shot at him raised the Stassen issue, Ike was unruffled and ready with his thinking about the affair. His central point: the second man on the ticket, like the presidential candidate himself, must be chosen by the delegates at open convention and not by Eisenhower fiat. Until then, everyone has the right to express his preferences as he chooses...
There, on a production line neat as the works of a watch, 1,000 workers assemble diesel trucks and little Fiat cars. Another factory builds boxcars for Mexican railways, employs 228 men. The third is a $4,000,000 made-in-Japan factory that last week started producing the first made-in-Mexico textile manufacturing machinery. Financed mostly by Tokyo's Toyoda Mills, it is run by Japanese engineers, employs 800 Mexicans whose highest skill until lately was making mescal...
...shares to 300,000 before the strike. Although Italian industry is humming at record pitch, the value of stocks listed on the Milan board has been sliced one-third (to 2 trillion lire) since the tax measure was passed by the Chamber of Deputies last December; blue-chip Fiat stock, for example, skidded from 1,845 lire to 1,083 when the strike started...