Word: forded
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Dates: during 1950-1959
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...year. And Louis Renault owned it all. Vulgar, loud, domineering, impatient, he was a terror to associates, a friend to practically none. To the French working man, Renault became "the ogre of Billancourt." He instituted piecework, maintained an internal intelligence and security system similar to that of Henry Ford (whom he knew and admired), ordered searches of workers' clothing in locker rooms, fired any worker caught with union propaganda...
Next day big sell orders came in from European markets and speculators, and by week's end Ford stood at 65⅝. No stock had actually changed hands (certificates will be issued this week); everything was on faith and brokers' chits. The estimates were that as many as 500,000 investors had bought shares for a gross total of about $660 million...
...Wall Street well knew, the fantastic buying spree was more on the magic of Ford than on the intrinsic value of the company. Though Ford is in blooming good health with assets of $2.4 billion, sales of $4 billion, and earnings of $312 million for the first three quarters of 1955, its stock is no better buy than many another security. In the auto industry, for example, Ford's book value of $34.40 per share is about twice General Motors' but less than half Chrysler's $73.30 per share value. On the analysts' price-earning ratio...
...coast run in Manhattan with five new "dream cars," plus the gas-turbined Firebird II (TIME, Dec. 26) and the Cadillac Eldorado Brougham, a 1955 experimental model scheduled to go into production in August. The aluminum-roofed Brougham (base price: $8,500) is G.M.'s answer to Ford's Continental Mark II, and features such gadgets as a driver's seat that pivots outward for easy access. Highlights of the dream cars: Chevrolet's Impala, a five-passenger hardtop version of the 225-h.p. Corvette sports car; Buick's transparent-topped Centurion, with...
...free is the free press in the Western world? The International Press Institute, financed by the Ford and Rockefeller Foundations, last week reported that out of 40 so-called free countries surveyed, only four-Britain, Sweden, Denmark and Belgium-could boast a press fully free of government restrictions. The I.P.I, surveyors disqualified the U.S. from this select group. Reason: censorship barriers imposed by federal agencies in overclassifying information...