Word: frazers
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...Kaiser-Frazer Corp. has not yet produced a single car on a production line. But last week it stood to make a "paper profit" on additional stock, which it has not yet issued, either, that flabbergasted the most get-rich-quick Wall Streeters...
Then Kaiser-Frazer ran full-page ads announcing that its cars would soon be on display, although actual car production is months away. Front-page newspaper stories about Kaiser-Frazer's new labor contract brought more publicity. Plans to lease a West Coast plant leaked out. Result: Kaiser-Frazer stock shot up from 15 to 24¼. At the new high price at which the stock is now selling, the new stock issue would bring the corporation over...
...point in his favor: Willow Run's vast space is an ideal place in which to make cars and tractors, if the assembly lines can be made to tick smoothly. Plump, dapper Joe Frazer, optimistic as usual predicted that the Frazer would start coming off the lines in March, the Kaiser, with a front-wheel drive, by the middle of April. By July 1, he expects Willow Run to be in peak production of 1,500 cars...
...this happens, even competitors would be willing to call it a production miracle. But most of them were still skeptical. Nevertheless, they were no longer calling it a shoestring venture. To the $22,000,000 which the Kaiser-Frazer Corp. had raised by a stock issue had been added $8,000,000 of Graham-Paige money, and a $10,000,000 line of credit from the Bank of America, enough to get into production. The corporation has also signed up 206 distributors as a nucleus for its dealer organization...
...present seller's market Joe Frazer figures that the big trick is to produce cars. They will probably sell themselves, even though untested, until the market returns to something like normal. Therefore he was negotiating last week for more production facilities, hoped to lease a West Coast plane plant from RFC. And he confidently went ahead with plans to have the first showing of the hand-built models of the Frazer and Kaiser in Manhattan...