Word: motoring
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Dates: during 1940-1949
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...industry has been asked to build about 44,000 military aircraft. In round numbers the Army has ordered 16,500; Navy, 8,500; Britain, 16,000. In addition, 3,600 bombers are to be built (from motor industry sub-assemblies) in four Army-owned, industry-operated assembly plants...
...gone. The Navy announced its greatest success since the Battle of Cape Matapan: in the narrow channel between Sicily and Cape Bon, across which the Axis had run its forces and supplies for the Libyan attack, a cruiser squadron caught a convoy consisting of two ships laden with motor transport, one ammunition ship, and two ships thought to be carrying troops, all protected by three Italian destroyers. The British swept in, slapped aside the flimsy protection, and sank the whole convoy forthwith. The British lost one destroyer, the 1,870-ton Mohawk, in the operation, but saved most...
...important as an example of the kind of surgery upon peacetime industry required for an all-out defense effort, but the operation is being performed as gently as possible. The cut will be based on 1941 model production, which expects to reach a peak 5,200,0000 before the motor year ends Aug. 1-a record exceeded only by glittering 1929. Thus the quota for 1942 models (both passenger cars and trucks) will be about 4,160,000 units, and only in six years has U.S. production exceeded that figure. Moreover, the cut comes at a time when the market...
Profitwise, the production cut is not likely to affect the industry much. The motor companies have undertaken defense contracts which will take up any slack, may even tax their ability to find management and workmen (General Motors has $725,000,000 in defense contracts on its books, and some companies, like Packard, are already as busy on defense work as on cars). Workers are being switched into making airplane engines, tanks, bomber parts, guns and shells. It has been estimated that the industry would have to employ 150,000-200,000 new men to handle the defense orders...
...Future. Knudsen's announcement termed the present cut "initial," thus left the door open for future restrictions if more men and materials have to be poured into defense. In World War I, motor-makers remember they took much more than a 20% cut. All through 1918 they had trouble getting materials, and in the second half the War Industries Board made them hold production down to 423,800 cars, based on one-fourth of their 1,874,000 output for the twelve months of 1917. For 1919 they were warned that they might not be allowed to build...