Word: frazers
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When the new government lessened the tax load on foreigners in March 1950, adventurous U.S. investors put $15 million into the new nation. Kaiser-Frazer Corp. is putting up a $2,500,000 auto plant in the Haifa Bay area; Philco Corp. has built a refrigerator plant near Tel Aviv; General Shoe Corp. and General Tire & Rubber Co. each has a factory...
...federal till, last week proved that a pipeline can work both ways. His Kaiser Aluminum & Chemical Corp. handed a $37.4 million check to the General Services Administration, thus cleared itself of Government debt 23 years ahead of schedule. Except for $51 million still owed by the Kaiser-Frazer Corp., Kaiser's sprawling industrial empire of ten companies and 48 plants is completely off the Government hook. For its help in building or buying plants, Kaiser has paid the Government $250 million in principal, interest and rentals since the end of World...
Other Kaiser projects are also booming. Kaiser Steel Corp., which paid off its $123 million Government debt about five months ago, earned $4.3 million in the last six months of 1950. Even Kaiser-Frazer Corp. has picked up. Cars are rolling off the Willow Run assembly line at the rate of 900 a day (half Kaisers, half Henry J.s), and dealers have more orders than they can handle. With an estimated $500 million in defense orders on the books, including an Air Force contract for Fairchild Packet cargo planes, another for Wright aircraft engines, K-F seemed a likely candidate...
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...