Word: frazer
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...Kaiser-Frazer, which has had its troubles selling autos, faced trouble of a different sort. New Hampshire's Senator Styles Bridges charged last week that K-F's biggest defense contract, which has kept the company going for the past few months, is costing taxpayers at least $150 million too much. K-F, said Bridges is building 159 Fairchild C-119 cargo planes for the Air Force at a cost of $1,200,000 apiece, whereas the same planes made by Fairchild Engine & Airplane Corp cost only $260,000. The Senator, who will head either the Armed Services...
...Kaiser-Frazer, which is jacking up horsepower in its Kaiser line, plans to make 1,000 sport cars with plastic bodies, made by California's Glasspar Co. (TIME, Feb. 18). K-F's new model will weigh about 2,000 Ibs., cost about $2,000, v. $1,450 for the 2,300 lb. Henry...
...Reconstruction Finance Corp., which has grubstaked Kaiser-Frazer Corp. to some $50 million, last week decided to ride along on the mule as well. To K-F's board of directors, the RFC appointed their own representative,* 26-year-old Detroit Lawyer Alan E. Schwartz. A Harvard Law School graduate (1950) who had caught RFChairman Harry McDonald's eye when pleading cases before government bureaus, Schwartz will attend all of K-F's board meetings, keep tabs on the company's finances (K-F's losses in the past seven years: $53 million). Explained...
...troubles of WSB are nothing compared to those of OPS. Last week there was a rash of new price boosts-aluminum up 1? a lb., Kaiser-Frazer cars $54 apiece, cotton $5 a bale, manganese $40 a ton (which will boost the cost of making steel an average...
...that it was again taking as long as eight weeks to get delivery on a Ford or Chevrolet, and four to six months on a Cadillac. Independents, whose sales had been soggiest, shared in the rise; Hudson's sales were up 40% for April and May, and Kaiser-Frazer's also gained. The buying impetus spilled over into appliances; General Electric reported its May sales of major appliances up 24% above April, while Philco said its refrigerator sales were the best for any week since April...