Word: motoring
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...Motor launches took questionnaires to lonely lighthouses at Neptune and Thistle Islands and along the Great Barrier Reef, while on the equatorial Australian-trust island of New Ireland, Census Taker Douglas Fyfe, normally a schoolteacher, set up shop beside a flooded river to interview rubber-plantation workers. Four men drowned in a swamped boat as they tried to reach Fyfe, but he counted them anyway, since they had been alive 30 hours earlier on the census deadline...
...forced to borrow $165 million or face receivership, he had to surrender operating control of TWA to the Metropolitan and Equitable life-insurance companies and a group of 15 banks. Hughes placed his stock in a ten-year voting trust controlled by the lenders, who named former Ford Motor Chairman Ernest Breech as a trustee. TWA was again without a president, former Navy Secretary Charles Thomas having resigned in a tiff with Hughes five months earlier. Breech began a desperate search for a man to lead TWA out of chaos...
...Coventry headquarters as the "Headmaster" for his autocratic rule, he has scoffed at the industry-wide merger trend, maintained that Jaguar would not go on the block "in my lifetime." Last week he made a surprising U-turn: after two years of quiet negotiations, Sir William and British Motor Corp. Chairman Sir George Harriman announced that B.M.C. will buy out Jaguar in a $51 million stock transfer deal...
...Yankee invasion is no joking matter to European automakers. U.S.-owned or controlled companies now account for about a third of all cars built in Europe. G.M.'s Vauxhall, British Ford and Chrysler-controlled Rootes Motors together produce nearly 50% of all British-made cars. Like the recent merger of France's Renault and Peugeot in France, the B.M.C.-Jaguar combine, to be known as British Motor (Holdings) Ltd., is geared to combat the U.S.'s advances in Europe...
HEROES Henry Ford Ford Motor...