Word: generally
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Dates: during 1950-1959
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...delivers. Douglas Aircraft last week won FAA certification for its DC-8, which will be put in service this month by United and Delta airlines. Even though Douglas has 143 planes on order, it needs to turn out many more before it can make a profit on the liner. General Dynamics' Convair Division has spent $57 million to develop its long-range jet 600 and shorter-range 880. But so far it has orders for only 79 of the planes, needs triple that-or more-to turn a profit. Lockheed spent $50 million to develop its turboprop Electra...
...other giants-Lockheed, Douglas, Boeing. General Dynamics, et al.-are hopeful that the worst is over. Even so, the future promises to be more Spartan than the past. The Government has issued ample warnings that it no longer will doctor ailing firms with contracts just to keep their facilities in shape for an emergency. In the missile age, the fight will be won by what is on the firing line and not, as in the past, by what could come off the assembly line...
Ford officials were mum on price. They said they do not want to tip off General Motors or Chrysler. But they encouraged speculation that the suggested factory list price (with federal taxes, stripped) will be "around" $2,000. With extras (ranging from heater and radio to automatic transmission, white sidewalk, safety padding, etc.), the fully equipped, two-and four-door sedans (coming next spring: a station wagon) will probably carry about the same factory list price (with taxes: $2,250) as the present cheapest ("300" series) Ford, stripped. To Ford's Breech, the sales price will be no worry...
...sweeping rearrangement of top management last week, General Motors Corp. moved farther away from focusing power in the hands of one man, as it had under Harlow Curtice (1953-58), and back to the broader-based management policies followed by Charles E. Wilson (1946-53). Into the No. 3 slot, under
...Chief Executive Officer Frederic G. Donner, 56, and President John F. Gordon, 59, moved longtime (eight years) Executive Vice President Louis Clifford Goad, 58. In charge of G.M.'s automotive, body and assembly, and parts divisions since 1951, Cliff Goad has jurisdiction over all of G.M.'s general-staff activities: distribution, engineering, manufacturing, personnel, public relations, research and styling...