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...cooled rear engine, provides the basic foundation. The frame is first shortened by 14½ inches-a process that moves the center of gravity back over the rear wheels, where traction is needed, and costs about $50 in a mechanic's shop. Then a lightweight molded fiber-glass body is bolted securely onto the chassis. Scores of small firms across the U.S. are now producing these bodies in a rich assortment of styles and colors and sell them for $500 or less. With a few further additions like a roll bar, the buggy is ready...

Author: /time Magazine | Title: The Car: Son of The Bug | 5/10/1968 | See Source »

Savoretti landed his first contract, for $1,600,000 worth of grinding machines, a long, tough year after he set up headquarters in the Hotel National facing Red Square. Almost two years were to pass before two synthetic fiber plants worth $40 million were ordered through his services from Chatillon in Italy. Then things started picking up with contracts for six 50,000-ton tankers for Savoretti's client Ansaldo, followed by others and culminating in the Fiat deal, the largest the Soviets ever made with a Western firm...

Author: /time Magazine | Title: Trade: Italy to Russia | 2/23/1968 | See Source »

...reflect on past glories for five minutes each year, then forget it." Goodyear's firsts include the rayon cord tire in 1938, the nylon cord in 1947 and the polyester cord in 1962. Last week the company's latest creation was introduced: a polyester and fiber-glass tire, which will be sold as a replacement for original equipment tires and is said by the company to have twice their lifetime. More expensive than the originals ($51 v. $34), the "Polyglas" brand will hit the market at the time tire replacements are being sought for cars acquired during...

Author: /time Magazine | Title: Corporations: Running Ahead | 1/19/1968 | See Source »

...seemed a diplomatic backwater, ideal for a man whom one of his later beneficiaries described as "reserved, even lackadaisical." It was only when Italy began to fall apart militarily and the Germans came in to hold the country that the mild, art-loving consul began to show his true fiber...

Author: /time Magazine | Title: Books: Honorary Citizen | 1/5/1968 | See Source »

...company's sales, a record $3.16 billion in 1966, are expected to be off by at least 3% this year. Earnings could be down by as much as 24% from last year's $389 million. A main source of that slump is lagging profits in the synthetic-fiber business. Accounting for about one-third of Du Pont sales, synthetics have been hurt by a slowdown in the textile industry caused largely by rising imports and falling prices. While Du Pont continues to base hopes for recovery on its huge research budget ($110 million a year), McCoy realistically admits...

Author: /time Magazine | Title: Executives: The Du Pont McCoy | 12/29/1967 | See Source »

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