Word: generalizing
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Dates: during 1960-1969
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...General Motors is making minimal design changes. Frequently they involve nothing more fundamental than radiator grilles or other ornaments. The big Ford and Mercury models follow the same pattern. What few changes there are cater to the public's new taste for long hoods and truncated rear decks. For example, Chevrolet's lone new car, the Monte Carlo two-door sedan, measures 6 ft. from grille to windshield...
...engine. At week's end, Chairman Lynn Townsend disclosed that Chrysler will bring out the smallest of the new U.S. compacts in mid-1971. Called "the 25 Car," it will have a wheelbase of only 91 in., about 3 in. less than that of a Volkswagen. > GENERAL MOTORS has spent more than $100 million building a plant to assemble its entry in the small-car market. Code-named the XP877, the new car will be some 10 in. shorter than the Maverick. It will be powered by an aluminum four-cylinder engine. G.M. expects to begin selling...
Enforcing the Freeze. France confronts by far the most serious problem. Price increases have been accelerating ever since the costly wage settlements that ended the May-June general strike of 1968. Before the Aug. 8 devaluation of the franc, price increases reached an annual rate of 6.5% v. a July rate of 6% in the U.S. Devaluation will add at least another percentage point to the inflation rate this year by automatically increasing the price of imports...
...That might seem small to Americans but it is worrisome in a country where memories of the calamitous inflation of the '20s are as bitter as memories of the Depression in the U.S. The rate is likely to rise toward the end of the year, particularly if the general wage increase due in the fall reaches the expected...
Once in charge, the Willots ruthlessly fire superfluous personnel, especially general directors, executives and family retainers. "The first cost to eliminate is the cost of management," they like to say. Then the Willots set production and sales goals for the next six months: unless they are met, the company is usually closed. Even then, such by-products of the acquisition as sumptuous Paris headquarters and storage facilities may still make their investment worthwhile...