Word: frazers
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U.A.W. negotiations were already under way with Chrysler, Packard, Kaiser-Frazer and Hudson. United Electrical Workers will begin their fight with Westinghouse and General Electric on Jan. 4. Phil Murray's Steelworkers bargain next month to replace a contract expiring...
...automaking partnership between the Kaiser-Frazer Corp. and the Graham-Paige Motors Corp. was lopsided from the start. Newborn K-F quickly raised $53,000,000 in two stock issues. But old, financially queasy Graham floated only $11,500,000 in bonds to finance its part of the venture. By last week production delays had so cut into this cash that Graham could not go on without help...
...help came from K-F. Under a plan which Graham stockholders are expected to approve, K-F will take over Graham's bonded indebtedness, most of its assets and its automaking (i.e., production of the Frazer). Graham will make only Rototillers (combination plow-harrows), and distribute other farm equipment...
...Detroit an anniversary went unnoted: the Kaiser-Frazer Corp. was one year old. But no cake and candles were needed to tell established automakers last week that U.S. industry's noisiest postwar baby was about ready to climb out of the crib. Even those who still scoffed at K-F's extravagant promises now looked with respect toward Willow...
Partners Henry Kaiser and Joe Frazer had inflated public expectations with a lot of purple publicity. They had indefinitely shelved their "startlingly different" (i.e., front-wheel drive) car. They had fallen flat on one wild production goal after another. Against a March prediction of 11,000 conventional cars by anniversary time, they actually turned out only...