Word: motoring
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...scarcely twitched. The stock market ducked for a day, then bobbed up. Elsewhere, the momentum of U.S. life carried on without a jar. The Ford Motor Co. created no surprise whatever by announcing a half-billion-dollar expansion program in 1956. Aside from their interest in the bulletins from Denver, the U.S. people concentrated on the World Series, the annual climax of the most highly organized and statistics-adorned game that men have ever played...
...favorite beef bacon. But his doctors restricted him to a rigid 1,600-calorie-a-day diet to keep his weight down. During the day two hospital orderlies lifted Ike to a new hospital bed that can be raised and lowered from the floor by an electric motor. The apparatus will make it easier for the President to get in and out of bed when he is allowed to walk. Lieut. Knox read to him from Sir Arthur Conan Doyle's Sir Nigel, one of Ike's favorite books. Mamie Eisenhower brought one message, from Soviet Marshal Georgy...
This was a feeling shared by many of the largest U.S. companies last week. Ford Motor Co. brought out its new $10,000 Continental (see Autos), and announced that it will spend a thumping $500 million for expansion next year. Opening a new car and truck assembly plant at Mahwah, NJ. ("To knock the socks off competition"), Henry Ford said the company would build a new Mercury assembly plant in Los Angeles, expand research centers for autos and farm implements, build another chassis plant in Michigan...
VENEZUELAN STEEL will be competing with the U.S. product for South American markets within the next few years. Venezuela has signed a $128 million contract with Italy's Fiat Motor Car Co. to build the country's first big steel plant on the Orinoco River near the big Cerro Bolivar iron ore deposits. To be completed in late 1957, new plant will have an eventual capacity of 421,000 tons of steel annually...
Cadillac's biggest news was the Eldorado Brougham, which will come out in midyear as the answer to Ford Motor Co.'s $10,000 Continental. The low (54-in.), four-passenger Brougham will have pivoting seats (for easier entry), a 3O5-h.p. engine and an $8,500 price tag. Cadillac has no worries about its '55 inventory. At the latest count, dealers had an average of only 1.4 unsold '55 models-and a total of 64,000 unfilled orders for '56 models...