Word: forde
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Dates: during 1940-1949
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More for Less. The "break-even" point of many a mass producer-i.e., the point at which rising volume cuts unit costs enough to show a profit, has also soared upwards. Example: the Ford Motor Co. which, before the war, was assumed, along with other automakers, to break even at 35% of capacity, must now operate at 75% of capacity to break even. This year it has -made 280,000 cars so far-and lost $38,000.000 net. Last week Young Henry Ford got a 6% boost in his car ceilings. G.M. is also seeking a boost. But somewhere...
...works, railroad-car shops were digging deep into their inventories. The manufacture of pipes, sinks, wires, tubs, farm implements was being choked off. Plumbing and housing, both critical bottlenecks, were tighter than ever. Auto production dropped to 5,500 so far this month (v. 20,000 in May). Now Ford and General Motors production lines were crawling. (Chrysler's was shut down because of a strike...
Automakers' big plans for little cars quietly folded last week. Henry Ford II, who had talked about a new car cheaper than any now on the market, announced that the Ford company had discontinued the division which had been working on the new auto (TIME, Feb. 4 et seq.). General Motors, which had recently set up a new car division in Chevrolet, announced that it too was shelving its plans for the present. It saw no way to get materials for new plants. In short, harassed automakers, up to their cowlicks in production troubles, were too discouraged to take...
...prospective buyers asked for a demonstration of a 1946 Ford club coupe. A salesman drove them around a while before parking at the side of the road. The buyers asked the price. Said the salesman, blandly: $2,150. While the salesman filled out a Massachusetts bill of sale, the two buyers cheerfully peeled off enough bills...
...respondent, three distinguished federal judges last night brought this year's Ames Competition to a close in Langdell Courtroom at the Law School. Winners of the three year long competition were Charles W. Davis 3L, and James D. St. Clair 3L, giving the oral argument, and Thomas P. Ford 3L, and Lambert Turner Jr. 3L, who prepared the briefs...