Word: k-f
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...f.o.b. Willow Run (a six-cylinder model costs slightly more), it was a good bit more than the $1,175 President Edgar Kaiser had promised last February (TIME, Feb. 20). He blamed the difference on higher materials costs and the 12-17? wage boost granted recently to K-F's workers...
...officials for $50 million two years ago, Henry Kaiser protested that it was a scheme to put him out of business. The stockholders charged that they suffered financially by "manipulation" of assets among various Kaiser companies. Though Henry denied any wrongdoing, he offered to pay $1,379,503 into K-F for machinery bought by K-F, but used by other Kaiser companies. Many stockholders called the sum inadequate...
...Federal District Judge Frank A. Picard ordered the stockholders to accept the offer, and accused those who held out for a larger sum of "trying to cause Henry Kaiser's financial eclipse." Said Judge Picard: "Kaiser was the victim of his own paternalism in trying to make the K-F company a success," and was innocent of any "fraud, deceit, collusion or any wrongful...
...lower-priced car, Automaker Henry J. (for John) Kaiser set up a $200,000 contest. The result was prodigious: some 450,000 people submitted names. Last week Kaiser-Frazer picked the winner. It wasn't easy, since about 100 contestants had submitted the same name. K-F awarded first prize of $10,000 to Mrs. Charles Atkinson of Denver because she had written the best 25-word reason for her choice. The winning name: Henry...
...down, low-priced car which, like Ford's famed Model T, would be merely transportation. Most automakers think it doesn't, and that car buyers prefer to pay more to keep up with the Joneses and get more room and some chrome-spangled luxury with their transportation. K-F hopes to prove that other motormakers are wrong, when it starts mass production of its new car in June...