Word: frazers
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Dates: during 1950-1959
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...ping of a single acorn. Since the start of the Korean war, there had been a slow pitter-patter of inflation. Prices had risen sharply, followed by wage boosts which threatened still further price hikes. And last week more acorns hit: auto prices started going up again (Hudson, Kaiser-Frazer, Willys, Packard and Nash boosted prices from $10 to $127), and two small steel producers hiked their prices $5-$10 a ton on steel products, a possible forerunner of a general boost in that prime raw material...
Much of the recent news about Henry J. Kaiser's industrial empire has had a familiar ring: it concerned loans from RFC to the faltering Kaiser-Frazer Corp. Henry Kaiser, who had received $44 million for K-F and another $123 million for the Kaiser Steel Corp., was RFC's biggest single business loan...
...dealer showrooms across the land, Kaiser-Frazer Corp. this week finally rolled out its small "low-priced car," the four-cylinder, 100-in. wheelbase "Henry J." At $1,300 f.o.b. Willow Run (a six-cylinder model costs slightly more), it was a good bit more than the $1,175 President Edgar Kaiser had promised last February (TIME, Feb. 20). He blamed the difference on higher materials costs and the 12-17? wage boost granted recently to K-F's workers...
Over a 3.4-mile course on the New Hampshire Turnpike last week, two small cars sped back & forth, competing in a miles-per-gallon mileage test. The cars were Nash's new "Rambler," and Kaiser-Frazer Corp.'s "Henry J.," making its first public appearance. The Henry J. made 34 miles to the gallon, v. the Rambler...
When stockholders of Kaiser-Frazer Corp. sued company officials for $50 million two years ago, Henry Kaiser protested that it was a scheme to put him out of business. The stockholders charged that they suffered financially by "manipulation" of assets among various Kaiser companies. Though Henry denied any wrongdoing, he offered to pay $1,379,503 into K-F for machinery bought by K-F, but used by other Kaiser companies. Many stockholders called the sum inadequate...