Word: gm
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Dates: during 1930-1939
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...head of General Motors, put him in charge of Buick. For two years Chrysler kept a cot in the factory. Buick's production jumped from 40 to over 500 cars a day. When Durant made his comeback into General Motors, Chrysler became vice president in charge of GM operations. But Durant and Chrysler quarreled. In 1920 Willys- Overland which had just gone on the post-War rocks hired Chrysler to pull it off. Then Maxwell Motor came to him with another salvage job. Maxwell had only 50 active dealers, had 26,000 unsold cars piling up demurrage in freight...
...Fonts, for whom he used to work as a consulting engineer, helped him in his early researches. He expected substantial backing also from General Motors until Depression upset his plans. Last March he organized Seadrome Ocean Dock Corp., with himself as president and majority stockholder. His backers include GM's Board Chairman Lammot du Pont and President John Howard...
...Sloan Jr. took the lead in his industry by announcing that prices of General Motors' entire 1934 line would be upped from 10% to 15% because of rising costs of labor and materials under the NRA automobile code. Of equal interest to motorists was his announcement that all GM's new models would feature independent front wheel suspension, which has been used sparingly in Europe for several years. Said Motorman Sloan...
Last week the following were news: Signius Wilhelm Poul (William) Knudsen, 54, head of General Motors' Chevrolet division, was made executive vice president in charge of all GM's manufacturing operations in the U. S. and Canada. A Dane from Copenhagen, he emigrated to the U. S. at 21, got a job in a shipyard, worked for Erie R. R., then shot up as an assembly man for Henry Ford. Quitting as manager of all Ford plants in 1921, he soon joined Chevrolet. A tall, slightly stooped man with a big walrus mustache, Motorman Knudsen is a genius...
...GM's Alfred P. Sloan Jr. made it clear that his company was in no sense embarking on a permanent banking venture. Though all directors and President James McEvoy were drafted from GM executives, GM intends to dispose of its National Bank stock just as soon as the enterprise is fully under way. An offering will be made to depositors and stockholders in the two old banks. Guardian National and First National, and if they do not want it, then to the public. A new board picked from Detroit's leading businessmen will be elected shortly...