Word: knudsen
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...truck manufacturers will produce a record 1,803,000 trucks and Jeeplike vehicles. Understandably, they are delighted about the present - a year of sales in excess of $4 billion-and see an even brighter future ahead. Said Ford President Semon Knudsen at the American Trucking Associations' convention last week: "We expect the total truck market to pass a 2,000,000 annual rate in the early 1970s and to reach...
...Knudsen has good reason to gloat. For the first time since 1935, Ford trucks are expected to outsell the longtime leader, Chevrolet. By Nov. 10, Ford had sold 562,000 trucks, against Chevrolet's 548,000; it expects to reach an alltime record of 650,000 by Jan. 1. Yet Chevrolet should not feel too bad: its truck sales are expected to increase by 11% over last year...
...rail projects, notably a 725-mile stretch (with 45 tunnels) of Western Pacific line through the Sierra Nevada and the Feather River Canyon. In the 1930s, Utah started its all-out expansion. It became one of Six Companies, Inc., a consortium that also included Henry Kaiser and Morrison-Knudsen Co., which bid jointly on Hoover, Bonneville and many another mammoth engineering project in the booming West. The Six Companies have long since separated, but Utah is still heavily involved in construction. It currently has a $102 million backlog of orders ranging from landfill work in San Francisco Bay to tunnel...
...taken to offering them deferred compensation. One of the best at holding onto its executives is General Motors, which is forever shifting them into new jobs. But not even the best can avoid losing an occasional man, as evidenced when Executive Vice President Semon E. ("Bunky") Knudsen, passed over for G.M.'s presidency, quit last winter to become president of Ford Motor...
...Stature. G.M. could hardly be happy about losing a top man like Knudsen, just as Motorola was understandably distressed about losing Hogan. Yet, whatever the merits of Motorola's suit against Fairchild, the danger of executives carrying corporate secrets to a rival is generally not as great as it seems. Despite the secrecy fetish that Detroit makes about new models, almost everyone admits that automakers usually know all about one another's most guarded projects. It is often the same way in other industries. Says Michigan State's Jennings: "A secret is only a secret...