Word: manufac
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Dates: during 1960-1969
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Like every other U.S. manufacturer, General Motors confronts a new legal threat called "strict liability" - the fast-developing doctrine that a manufac turer may be held liable for consumer injuries without being proved guilty of negligence in the manufacturing proc ess (TIME, Aug. 6). Strict liability lurks behind hundreds of pending suits that claim that the rear axle of G.M.'s 1960-1963 Corvairs caused oversteering and sometimes fatal accidents. But last week G.M. won the first of those suits - and in California, where the doctrine of strict liability is well established. In San Jose, G.M. successfully de fended...
...versatile tractors, once manufac tured by only a few companies, are now sold by 47. Sears, Roebuck so far is in the lead with three tractor models...
...Dacron came along has a synthetic product stirred such interest and aggressive merchan dising as Corfam, Du Pont's new substi tute for leather. Put on sale only two months ago after years of develop ment, Corfam is already made in 100 different shoe styles by 32 manufac turers, is in such demand that Du Pont's pilot plant at Newburgh, N.Y., cannot keep up. The company is build ing a full-scale Corfam plant in Old Hickory, Tenn., and another in Malines, Belgium, to supply the European mar ket, is spending $2,000,000 to promote Corfam...
...take-charge demeanor and his conservative appearance seem to have released a whole new outpouring of great expectations for the economy. Said Fred Kappel after the Washington meeting: "We have undiminished confidence in the economic and moral strength of the country." In Manhattan the normally undemonstrative National Association of Manufac turers pledged Johnson its "loyal support and cooperation," then predicted that 1964 would be as good for business as 1963 has been. At a Florida meeting of the Investment Bankers Association, President David J. Harris predicted a high-level economy next year and plenty of business for securities underwriters...
...necessarily, says Paradiso. "There is a much tighter relationship between inventory and sales than we have ever seen before." Where it once took a manufac turer months to shift his inventory position-either because he was top-heavy with goods or could not quickly reorder -today's manufacturer has new methods and machines for inventory control that enable him to keep his inventories tight, move fast when he wants to make a change. In the past, says Paradiso, inventory tended to lag about six months behind sales; today it can be adjusted in a matter of days. "What happens...