Word: gm
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Dates: during 1970-1979
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Oddly, though, automen have seldom been so ebullient about the future of their industry. GM Chairman Thomas Murphy clings to a forecast of record U.S. car and truck sales in 1978. Ford is highly optimistic, with good reason: its sales in early December jumped 13% above those of a year ago, giving it about a third of the domestic market. The company will spend $2.5 billion next year to enlarge its plants, launching an expansion program that Chairman Henry Ford II describes as "bigger than anything we've ever tackled before in the 75-year history of the Ford...
Playboy Publisher Hugh Hefner has batteries of pins in both his Los Angeles and Chicago mansions and is negotiating with Bally, the GM of pin, to produce a Playmate machine with Bunnies on the back glass. (Ironically, D. Gottlieb & Co., Bally's chief rival, produced a model called Playboy back in 1932, when Hef was six years old.) The English, among the world's most passionate pin pushers, trace pinball's origins to the bagatelle board mentioned in Dickens' Pickwick Papers. Abe Lincoln was big on bagatelle. The sheiks of Araby are clamoring...
Detroit engineers long shunned diesels for cars because of their comparatively sluggish performance, noise and weight. But the energy crisis that started with the Arab oil embargo of 1973 caused GM designers to take another look. The diesel gets anywhere from 15% to 25% more miles per gal. than a gasoline-powered engine. Besides that, diesel fuel, which is essentially highly refined fuel oil, can cost as much as 10? per gal. less at the pump than regular gasoline depending on the area of the country. And the diesel engine, which has no spark plugs or distributor points, requires less...
...nation's gas stations carry it. The diesel still emits more and blacker smoke than a gasoline engine-although, quite surprisingly, the smoke contains fewer polluting hydrocarbons and less carbon monoxide than gasoline exhaust. Finally, there is the matter of price: though quotations have not been firmly fixed, GM expects its diesel cars to sell for $750 to $840 more than an Olds powered by a conventional engine. Is there, nonetheless, a market? Probably. Mercedes-Benz introduced passenger diesels to the U.S. in 1952, and in the past few years, demand has grown dramatically. Today nearly...
...less than half its price of 261 in 1965. Among glamour issues, Polaroid has nosedived from a high of 149 in 1972 to around 30 now. Most startling of all: General Motors shares peaked out at almost 114 in 1965 and are now down to around 65-even though GM's profits, running more than $1 billion in the second quarter, are twice as high as those of a dozen years...