Word: motorize
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Dates: during 1960-1969
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Company Shares Market Value I.B.M. 87,634 $30,716,000 Texaco 375,326 26,414,000 General Motors 284,089 22,869,000 Gulf Oil 341,884 17,094,000 Standard Oil (N.J.) 223,523 15,3667,000 Eastman Kodak 117,756 15,132,000 Middle South Utilities 542,114 13,621,000 Ford Motor 293,076 13,298,000 AT&T 210,688 11,588,000 Standard...
...part, Stouffer was ready for a merger. Though outwardly in strong shape, with 46 restaurants and six motor inns as well as its food-processing, the company has recently been having trouble keeping earnings up to snuff. As of January 31, six-month earnings were off $140,000 from the same period last year on sales of $43 million. Part of the problem, explains 65-year-old Vernon Stouffer, who parlayed his mother's recipes into millions, is cost control. "Rents and investments have grown tremendously, and higher salaries in other industries make executives difficult to obtain." Litton...
...yardstick -sales - the Ford Mustang is the most successful car ever introduced. And the men who were responsible for it are being suitably rewarded. Lee Iacocca, the Ford division general manager who introduced the Mustang (TIME cover, April 17, 1964), is now corporate vice president responsible for all Ford Motor Co. production and sales. Donald N. Frey (pronounced Fry), Iacocca's assistant general manager and chief engineer, the man who actually designed the Mustang, succeeded his boss two years ago as Ford division general manager. Last week Frey, 44, moved even higher. He was promoted to the brand...
...President's Crime Commission, I looked for such data, but turned up none. It is true that marijuana is bad for drivers, probably almost half as bad as a couple of drinks, but for some reason there isn't much evidence around to show it is a cause of motor vehicle accidents in this country...
West Germany is in a serious recession, and consumers are sitting on their pocketbooks. Volkswagen domestic production has dropped 25% from 1966's record high of 1,476,000 vehicles. Like U.S. automakers, the company has been hit by the safety scare. In the mini-motor field, which its beetles long dominated, VW is getting serious competition from General Motors' Opel and the German Ford. Nordhoff has been fighting the pinch with stepped-up exports and a new, cheaper ($1,121) 41 h.p. Model 1200 that he christened Wirt-schaftskrise Kafer, or "economic crisis beetle." With all that...