Word: forde
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Dates: during 1940-1949
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Suddenly, at one of these halts, a blue Ford station wagon hove in sight, coming down from Konitsa. Out of it tripped a hatless, trim figure of a girl wearing woolen stockings, bobby-sox, a grey, fur-trimmed coat with an emerald bracelet peeping from the sleeve. "Hail, Boubou-lina!" bellowed the bishop.* The girl was Greece's blue-eyed, curly-haired, blonde Queen Frederika...
...Henry Ford's "only partner," Irish Inventor Harry Ferguson had done well. Ford produced Ferguson-designed tractors, and Harry Ferguson Inc. sold them, under an unwritten agreement based on "good faith and mutual confidence...
...Harry Ferguson Inc. sold $313 million worth of Ford-built tractors (and implements manufactured by 105 subcontractors), and in 1946 alone netted $4.3 million. It was young Henry Ford II who decided that his grandfather had got the short end of the Ferguson bargain. He canceled the deal, and set up his own Dearborn Motors Corp. to make and sell tractors and implements (TIME, July 21). When the new Ford tractors came out, automen thought they looked much like Ferguson...
...luster of his wartime fame. His Willow Run plant turned out 145,000 cars and he was able to brag in full-page ads that he was now "the world's fourth largest producer of automobiles." It was true in the sense that only General Motors, Ford and Chrysler topped Kaiser-Frazer. Actually, production of seven of the Big Three's individual divisions topped K-F's figure...
There were only a few examples of the kind of industrial statesmanship that was needed to break the chain. Gambling that business would continue good, young Henry Ford II and International Harvester's Fowler McCormick both tried to help by reducing their prices. Both were forced to put their prices up again. It was not till year's end that another potent hand was laid on the chain. General Electric's Charles Edward Wilson announced that G.E. was cutting prices from 3 to 10% on about half its consumer products, an estimated saving...