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...little steel that first-quarter production may actually fall some 5,000,000 tons short of consumption, even with the big drop in steel use in Detroit. January auto sales were the most disappointing since 1954 with only 381,000 new cars delivered-down 22.6% from December. Ford Motor Co., after record 1957 sales of $5.8 billion (with profits of $282 million), was off an estimated 30%; Chrysler Corp., with record 1957 sales of $3.5 billion (and profits of $120 million), tumbled an even sharper 34%, dropping back to 14% of the market. General Motors' sales dropped only...

Author: /time Magazine | Title: STATE OF BUSINESS: The Inventory Drop | 2/24/1958 | See Source »

...stepchild. Army brass marched with a color guard into a Capitol Hill hearing room to present a new service flag to the House Military Appropriations Subcommittee. Patrols of Army public-relations officers prowled Pentagon corridors, passing out word that, given the chance, the Army could develop a rocket motor to put a 15-ton satellite into space with a man aboard. The Air Force stood that sort of talk as long as it could, then leaked a story about using its Thor intermediate-range ballistic missile to put up a 1,000-lb. satellite as early as June. The Army...

Author: /time Magazine | Title: SPACE: Reach for the Stars | 2/17/1958 | See Source »

Bird at Peak. When ready for firing, the whole assembly weighed 65,000 lbs., so the 83,000-lb. thrust of the first-stage rocket motor lifted it off the ground at a fairly fast clip. The first stage burned for 150 seconds. When its fuel was gone, about 60 miles above the earth, most of the Redstone dropped away, leaving only a short section of the nose attached to the spinning bucket. As it zoomed upward at several thousand miles per hour, a gyroscopically controlled device turned the missile's attitude toward the horizontal by blowing jets...

Author: /time Magazine | Title: Science: 1958 Alpha | 2/10/1958 | See Source »

...works. A spokesman for the Army announced plans for a 500-lb. space vehicle that can be used for military reconnaissance, presumably taking pictures of the terrain that it passes over and sending them back to earth by radio or TV. Another announced Army project is a rocket motor with 1,000,000 lbs. of thrust, twelve times the power of the souped-up Redstone. Meanwhile, said Dr. von Braun, a second Jupiter-C is being made into a satellite launcher. Some time between now and April it will toss another small satellite, probably equipped with different instruments, into...

Author: /time Magazine | Title: Science: 1958 Alpha | 2/10/1958 | See Source »

...world's first (in 1939) rocket plane (the He 176) and jet-propelled aircraft (the He 178), a shrewd mastermind of Luftwaffe production whose farseeing predictions and plans were thumbed down by Hitler and Goring; of a cerebral hemorrhage; in Stuttgart, West Germany. Denazified in 1949, Heinkel made motor scooters and midget cars, recently announced plans to go back into big-time planemaking with Willi Messerschmitt...

Author: /time Magazine | Title: Milestones, Feb. 10, 1958 | 2/10/1958 | See Source »

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