Word: frazers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
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...
...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...