Word: forded
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Dates: during 1950-1959
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...With manufacturers' inventories at a record $45 billion, some manufacturers have started to pare down. Ford is warning its suppliers to buy raw materials only three months in advance of production, instead of five...
DETROIT'S automakers, now readying their 1954 models, are counting on bigger horsepower to give them a fast getaway in sales next year. Ford is stepping up the rating of its higher-priced models from 110 to 125 h.p., Mercury from 125 to 145 h.p. Hoping to grab the lead in the industry's horsepower race: Chrysler, whose new V-8 models may have 220-235 h.p. under the hood v. 180 last year...
Greasy Hands. Billy Rootes learned about automobiles the hard way. His father, onetime bicycle maker and pioneer Ford dealer, apprenticed Billy to the Singer Car Co. at Coventry. There 19-year-old Billy spent long hours washing automobile parts in oil for a penny an hour ("I learned a lot about parts in those oil buckets"). But it was as a salesman that Billy first made his automotive mark. Convinced that British makers were neglecting overseas markets, Rootes landed world sales rights for Rolls-Royce, Hillman and others. Then, selling cars faster than he could deliver them, Rootes concluded...
...battle is shaping up among farm implement makers. While Ford is preparing to jump in with a big new line of farm machinery (TIME, Aug. 10), British Inventor Harry Ferguson, once Henry Ford's "only partner," is merging with Canada's Massey-Harris. With five plants in the U.S., four in Canada, and others in England, Scotland, South Africa, France and Germany, the new company, Massey-Harris-Ferguson, Ltd., will be the world's third largest farm implement maker, and plans to challenge International Harvester and Deere for first place...
They usually run for five or ten years, and give top men the right to buy stock in their companies for as little as 85% of the market price at the time the option is issued. Stock options have persuaded many a top executive to switch jobs. Example: Ford lured Executive Vice President Ernest Breech away from a top G.M. job by offering him an option to buy Dearborn Motors stock. James Nance quit Jlotpoint's presidency (and a promising future in parent G.E.) to take over Packard, with an option to buy 200,000 shares of Packard stock...