Word: lacocca
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Dates: during 1960-1969
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Mercury Montego that replaces the smaller, slow-selling Comets,* Ford Group Vice President Lee lacocca predicted a 9,000,000-car year, barring a strike, which would blow that prospect "sky-high...
...biggest difference between Ford and G.M. this year concerns small, sporty cars. Ford's spunky Mustang has climbed to third place among all types, with sales up 11% to 211,793, and its success will probably earn for its creator, Group Vice President Lee lacocca, the presidency of Ford some day. G.M.'s scarcely competitive Corvair has been damaged so badly by criticism of the safety of its 196,063 models that sales are off 55% to 38,156, and its flop has hardly helped the ambitions of its creator, G.M. Executive Vice President Ed Cole. Nobody...
...sales of $20.7 billion and profits of $2.1 billion, the first time any corporation's profits have ever passed the $2 billion mark. Then came Ford, again with new records in sales ($11.5 billion) and profits ($703 million). How about this year? Even better, thinks Lee A. lacocca, vice president of Ford's car and truck division. He predicts that 1966 industry sales, including imports, will total 9,500,000 cars, up 200,000 from 1965's record year...
Correcting the Boss. U.S. automakers sold 693,323 passenger cars in January, fully 21% more than the January record set last year (see chart). The statistics were so impressive-Detroit greeted them almost in disbelief-that Lee lacocca, Ford's new group vice president, had to correct a prediction made only last December by his boss. Henry Ford II. "Business is fantastic," said lacocca. "We could well be looking at a 9,000,000-car year in 1965, including 500,000 imports. It could be that Mr. Ford will look like a bear with his 8,700,000 figure...
...four of Cole's five division vice presidents and Chrysler Vice President B. W. Bogan. The huge, complex auto companies are still marshaled by financial experts but, says Don Frey, "there are more engineers in management positions now than in the entire postwar period." And, like Frey and lacocca, they are getting closer...