Word: k-f
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...able to brag in full-page ads that he was now "the world's fourth largest producer of automobiles." It was true in the sense that only General Motors, Ford and Chrysler topped Kaiser-Frazer. Actually, production of seven of the Big Three's individual divisions topped K-F's figure...
...K-F on Trial. In Pittsburgh, Kaiser-Frazer dealers were offering new cars on a trial basis. The terms: $200 down and $100 monthly "rental" for six months. At the end of that time, the customer can return the car. If he keeps it, the rent is applied on the purchase price...
...Wall Street had been prepared to expect, the Kaiser-Frazer Corp. this week announced that it was in the black for the first nine months of this year (TIME, Oct. 13). K-F joyfully informed stockholders that the company had made a profit of $8.3 million in the third quarter, after a loss of $2.2 million in the first six months. The overall profit of $6.1 million, said K-F, was tax free under the carry-forward tax provision. (K-F's $19.3 million loss in 1946 makes profits up to that amount tax free.) The report, said K...
...K-F had more good news for stockholders. Its cash on hand, which had reportedly fallen dangerously low last winter, was now up to $18 million, with another $5 million in Government bonds...
Despite this glowing report, many a Wall Streeter still had doubts about how the company would do as the auto market became more competitive. So far, K-F has made 113,694 cars and sold them all. But some K-F dealers are running into difficulties because of K-F's prices. The Wall Street Journal reported last week that K-F dealers offer the highest trade-in allowances on used cars, and thus, in effect, cut their K-F prices to stimulate sales. But neither Henry Kaiser nor his smart son Edgar was worried. They hope to turn...