Word: motoring
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...Havana, Britain's Leyland Motor Co. Ltd. signed up to sell 400 heavy 45-passenger buses for $10 million plus $1,100,000 worth of spare parts. The company gave Castro five years to pay, threw in an option for another 1,000 buses and agreed to train whatever mechanics were needed. To get around the shipping blacklist, Leyland first asked the British government for the loan of an aircraft carrier; when that request was ignored, the company announced that East German freighters would handle the order...
...Indians themselves. Bombay industrialists were treated by the British as potential customers for machinery rather than as colonial underlings. Textiles spurred the city's growth, but Bombay has confidently gone on to such new industries as oil refineries, fertilizers, synthetic fibers, and assembly plants for Italian autos and motor scooters. The city is ringed by plants making everything from biscuits and pharmaceuticals to machine tools and tires...
...faster than in the U.S.: the consumer. The U.S. tends to take consumer spending for granted, but a real consumer boom is a relatively new phenomenon in many parts of the world. What were once luxuries are becoming necessities in many places, motivating the Italian family to upgrade its motor scooter to an auto and the Japanese housewife to want an automatic rice cooker. This same desire drives Congolese men to insist on neatly starched white shirts and Venezuelans to save for a vacation at the seashore. Last year consumers almost everywhere had a bit more to spend, and provided...
Senator Goldwater was widely, and perhaps prematurely, held to have been nudged well out of the action. "The Draft Barry Goldwater Drive moved forward again," reported Richard T. Stout of the Chicago Daily News, "but with a knock in the motor." But there were dissenters from this view, among them U.S. News & World Report, which declared that the U.S. Senator from Arizona "remains out in front as the truce ends...
Died. Horace Elgin Dodge Jr., 66, only son of the founder of Dodge Motor Co.; of cirrhosis of the liver; in Detroit. A career sportsman, Dodge dispensed large chunks of the family fortune for souped-up speedboats and five wives (five children) who consumed more than $2 million in alimony and settlements. Sure to come: a battle royal over Dodge's will, which declares itself "null and void" if he is survived by his mother, now 93. Stakes: $2,000,000 in Dodge's personal funds, and eventually $65 million now in Mamma's name...