Word: frazers
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...cavernous Willow Run plant last week, workmen swarmed around an auto chassis, lifted in the motor, fastened on the wheels and then, finally, bolted on a body. In this handmade fashion, the Frazer, the first car of the new automaking team of Joe Frazer and Henry Kaiser, was turned out. Wider than most cars, and lower, it was Graham-Paige's contribution to the team. In a week, the new Kaiser-Frazer Corp. will turn out its contribution, the Kaiser car, made in the same fashion. Both corporations acquired something even more important, a top production man: Edward...
President Joe Frazer lured Hunt away from his job with Chrysler by a reported salary of $45.000 a year. Many automakers envied Hunt the salary, but few envied Mr. Hunt his job: to mass-produce the Frazer and the Kaiser cars...
...Reconstruction Finance Corp. last week leased (for five years) to the Kaiser-Frazer Corp. its $100,000,000 bomber plant at Willow Run, Mich. The new tenants will pay $500,000 rent the first year, $1.2 million a year after 1947, will use two-thirds of the plant's 5,052,177 square feet of floor space to manufacture the low-priced Kaiser automobile (now being designed). In the rest of the space the medium-priced Frazer car will be made, along with the Graham-Paige line of farm equipment...
...presence of two of Floyd Odium's Atlas Corp. directors on the board of the Frazer-Kaiser Corp. started rumors that Atlas Corp., with its $13,000,000 in cash, was behind the new company. Odium denied it. Authorized capital will be 5,000,000 shares at $1 par. Half the stock will be taken by Graham-Paige for its stockholders. But all the rosy talk was enough to make Graham-Paige stock the most active stock on the New York Exchange last week, send it hippity-hopping...
...model with a wheelbase of only 86 inches (present Ford wheelbase: 114 inches). Willys-Overland also has a new small car up its sleeve. But no one was doing much talking-yet. Cracked one motorman with heavy irony: "We're not as far along as Kaiser and Frazer...