Word: frazers
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Dates: during 1950-1959
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Under Charlie Wilson's prodding, contracts were now rolling out faster from the Pentagon: G.M. got the job of building Republic's Thunderjet fighter planes; tank orders went out to Chrysler, G.M. and American Locomotive; Kaiser-Frazer got the job of making Fairchild's Cng troop-carrier planes at Willow Run. But it would be months before the companies got into actual production. And the great majority of businessmen who had no war orders and didn't know how long they would be able to make civilian goods could only plan their 1951 production and sales...
...bombers in an idle Government plane plant in Tulsa, Okla. It would be the first time since World War II that any company other than Boeing has produced Boeing planes -but Douglas would not be able to get into production for 18 months at least. Kaiser-Frazer Corp. was dickering to build Fairchild C-119 transports at Willow Run; even General Motors was said to have a deal cooking to build Republic F-84 jet fighters...
When Kaiser-Frazer last week got a new $25 million RFC loan to help keep it solvent until it can sell its big backlog of cars, the terms were stiff. (K-F already owes RFC $43 million.) RFC ordered K-F to: 1) cut production from 800 to 600 cars a day; 2) raise no prices without RFC consent; 3) pay off the loan with 90% of the wholesale selling price of each car as it is taken out of storage...
Only a month after paying off the last of a $123 million RFC loan on his Fontana steel mill, Industrialist Henry Kaiser was back hat in hand last week knocking on RFC's door. This time he wanted $38 million for his auto company, Kaiser-Frazer, which already owes RFC $43 million. K-F President Edgar Kaiser explained that the company needs the money to tide it over until it can sell its backlog of 18,000 cars. He said that the Government's credit restrictions had slowed up its sales so much that...
...Stab in the Dark." The sales slowdown caused Kaiser-Frazer Corp. to revise its production schedules to get a firmer footing in the low-priced field. Instead of making two higher-priced Kaisers for every low-priced Henry J, it reversed the ratio. And automen who were talking about raising car prices were taking a hard second look...