Word: lancer
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...Detroit's Big Three, has skidded from 18% of the market in 1957 to 9.6% this year. At the rate it is now selling, it has a 91-day backlog. All of its vaunted "European"' styling has not stalled the continued decline of Plymouth, Dodge, Valiant and Lancer. Chrysler has pinned much of its hopes for a future comeback on its new chief stylist, Elwood Engel, 45, who was netted last fall in a raid on Ford, where he was a disciple of flamboyant George Walker and had much to do with the elegantly clean 1961 Lincoln...
...Dodge line will include a new, 111-in. wheelbase car, midway between the Lancer and Dart...
Press of Business. Lane began tilting against Carlino just ten days after New York's school-shelter bill became law last November. He cited Carlino as a director of Lancer Industries, Inc., a Long Island firm that controls a major shelter-manufacturing concern. Lancer, cried Lane, figured for a windfall out of the shelter law. Last week, before the assembly ethics committee, Carlino argued that Lancer could not possibly have benefited from the bill; the company makes only home-sized shelters, not the larger shelters called for by the state program. Nelson Rockefeller also defended Carlino...
...testimony, Carlino explained his relationship with Lancer-in terms that sometimes seemed limp. The association, he said, had begun when Lancer, then primarily a swimming-pool manufacturer, hired his law firm at a $500 monthly retainer; later, although he held no Lancer stock, Carlino was made a member of the board. In the spring of 1961, Carlino was informed that Lancer was going to start making shelters. By his own admission, he realized that he might have a conflict-of-interest problem because "the state might ultimately be involved in some legislation involving home fallout shelters." Carlino said he telephoned...
...Mark Lane raised the question of Carlino's impartiality after Warren C. Adams, a prospective investor, quoted Lancer officials as saying they had Carlino "in our hip pocket." Adams testified to this under oath, and Carlino admitted that his law firm received $5,000 from Lancer while he personally received other fees in his role as director. But, the accused Speaker claimed, though he was still director of the construction firm when he guided the bill past the Assembly, he had already given notice of his intention to resign. By phone. "I neglected to send that letter," Carlino sighed...