Word: goodyears
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...disaster, for one thing: A. J. Foyt, Rodger Ward and Parnelli Jones crashed in practice, and if the three top Indy veterans couldn't control their cars, what could be expected from the eleven green rookies in the race? There was the Great Tire War between Firestone and Goodyear (TIME, May 28), and the knock-down Battle of the Enginemakers between Ford, which entered its first Memorial Day 500 just two years ago, and Offenhauser, which had ruled the Brickyard for 18 straight years...
Chunking Quarters. Then there was the Great Tire War. Since 1923 every 500 winner has used Firestone tires, a fact that nettles Firestone's competitors no end-especially The Goodyear Tire & Rubber Co. This year, Goodyear persuaded nine drivers to use its tires, including two of the three fastest qualifiers: A. J. Foyt and California's Dan Gurney, who won a spot in the first row by clocking 159 m.p.h. in yet another Lotus-Ford. Last week the company discovered to its horror that its specially made tires were "chunking"-spewing out quarter-size pieces of rubber. Goodyear...
...water desalinization, and was recently awarded a contract by the State of California to investigate new methods of crime prevention. General has moved into so many unrelated industries that, with sales of more than $1 billion, it has rolled ahead of U.S. Rubber and Goodrich, stands behind only Goodyear and Firestone. Last week, stretching into still another field, General bought for $600,000 a 48% interest in the Schenectady (N.Y.) Union-Star, an evening newspaper with a circulation...
Last week it was the Americans' turn: Indonesia announced it was taking over the management of the $80 million rubber plantations in North Sumatra owned by the U.S. Rubber Co. and Goodyear Tire & Rubber Co. Sukarno's spokesman insisted that U.S. ownership rights would of course continue to be "recognized." Of course...
...range of realty ventures is kaleidoscopic. Weyerhaeuser, the timber giant, is converting its forest holdings in five states into summer homes, lakefront recreation centers and even such ski resorts as Crystal Village, 76 miles from Seattle. Goodyear Tire & Rubber recently set aside $5,000,000 to speed the transformation of 14,000 acres of its property near Phoenix into Litchfield Park, which it hopes will become a satellite city of 90,000 people by 1985. Great Lakes Carbon Corp. is busy with six projects, ranging from a Houston industrial park to a resort and retirement center in Portugal. Hearst Corp...