Word: fords
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Dates: during 1960-1969
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...leading financial wizard, was actually being overly modest when he chortled in 1966: "We're bigger than U.S. Steel." Measured in terms of profits, Cosa Nostra and affiliates are as big as U.S. Steel, the American Telephone and Telegraph Co., General Motors, Standard Oil of New Jersey, General Electric, Ford Motor Co., IBM, Chrysler and RCA put together...
...bosses thus claim or openly spend much more than would a moderately successful businessman. The ancient, somewhat puritanical code of the Mafia, which dislikes display, provides another reason for simple style. The late New York boss Vito Genovese, for example, used to drive a two-year-old Ford, spent little more than $100 for his suits, and lived in a modest house in Atlantic Highlands, N.J. When his children and grandchildren visited him, Genovese, very much the kindly paterfamilias, would cook them up a huge pot of spaghetti...
...below their 1968 pace in July and during the first ten days of August. General Motors sold 411,000 autos, off 17% from last year's level. Chrysler dropped 20%, from 166,000 to 132,000, and American Motors 12%, from 26,000 to 23,000. Only Ford bucked the trend, with sales of 251,000, up 2% over the comparable 1968 period. The industry's inventory of 1969 models increased substantially during July, to nearly 1,500,000 cars, enough for 58 days of sales at current rates...
...plans for the October introduction of 1970 models only add to the pressure on dealers to dispose of '69 cars. Next year's models will include a wide selection of new specialty sports cars and compacts. Chrysler, for example, will introduce its Challenger to do battle with Ford's still highly successful Mustang. Last week President William Luneburg announced that next year American Motors will bring out a Volkswagen-size car called the Gremlin...
...Local conditions vary considerably, but on a national basis, Chrysler and American Motors face the biggest cleanup problem. Their supply of unsold new cars, compared with the recent rate of sales, is substantially larger than that of either General Motors or Ford. Chrysler, for instance, is overstocked with both standard and top-of-the-line Plymouths and Dodges partly because G.M. has made inroads into Chrysler's share of the market among taxi and car-rental companies...