Word: k-f
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...first glance, said Odium, the proposed deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...
Kaiser-Frazer cut prices on its Henry J models this week, thanks chiefly to the fact that, with the metal supply easing, K-F no longer must rely on high-cost conversion steel. The cuts, ranging from $100 to $168, put the lowest priced Henry Js $176 to $266 below the lowest Ford, Chevrolet and Plymouth...
Private investors are willing to plunk such huge sums into the Kaiser empire because, with the exception of K-F, it is making money fast. Fontana in the past five months alone has boosted ingot output by 16%, made more money in October than in any other month on record. Its earnings ($2,500,000 in the last quarter) are running 30% ahead of last year, v. a decline for the rest of the steel industry. Kaiser's aluminum company is also netting more after taxes than last year, despite a 60% increase in its tax bill. Kaiser...
...from one to 25 miles per hour [on] resilient, hard-rubber tires." Sears dropped its auto after losing $21,000 on it in 1912. But Kaiser-Frazer, which has been making cars for six years and lost $13 million last year alone, is not that easily discouraged. Last week K-F made a deal that put Sears back in the auto business and got K-F some of the selling help it badly needs...
Before Christmas, Sears retail stores will start selling the Allstate, a new car made for it by Kaiser-Frazer. The car will look like K-F's four-cylinder Henry J, differing only in trim and other incidentals. Sears did not set a retail price but it now sells for $1,362 f.o.b. Detroit. Sears will sell it in 17 cities in the South and Southwest...