Word: motorize
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Dates: during 1970-1979
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...Ford Motor Co. system consists of 24-passenger vehicles that move on ground-level aluminum guideways and are controlled by a computer that not only tells them where to go next but also knows their exact locations at all times and keeps them safely separated. Theoretically, Ford says, the computer makes it possible to leave as little as two-second intervals between cars operating at 30 m.p.h. Last week the company announced that it would install its first PRT system in Dearborn, Mich. The two-mile loop will connect Ford's headquarters with another office complex, a shopping center...
Indeed, few corporations dominate their industries the way that Holiday Inns dominates the fast-growing business of lodging. Its success has lured a host of imitators into the motor-inn field: Howard Johnson's, ITT Sheraton, Marriott. Despite this competition, Holiday Inns has more than four times as many rooms as its closest rival in the hotel or motel field, Ramada Inns (see chart, page 81). Right now Wilson's company counts 208,939 rooms, with a total of more than 300,000 double beds...
This accolade came to Wilson because he practically created the modern motor-inn industry. He has transformed the motel from the old wayside fleabag into the most popular home away from home. Until 1952, when he founded Holiday Inns, most motels were of the "no tell" variety, generally shabby and faintly disreputable places that catered mainly to casual lovers and transient salesmen. Wilson was among the first to foresee that the fast post-World War II rise in U.S. personal income would lead to a rapid expansion in both business and leisure travel. He also sensed that people...
Last week Ford Motor Co. announced that the whole tortuous testing program on its 1973-model engines had been invalidated by an incredible staff bungle. During the course of the 50,000-mile trial runs, the company said, Ford employees performed "unscheduled, unauthorized maintenance" on the test cars, presumably including engine tune-ups and replacement of points and plugs. Since the tests are specifically designed to measure emissions from cars that have been kept in less than topnotch condition-as will often happen when they get into buyers' hands-the unscheduled repair work threw a monkey wrench into Ford...
...biggest business. The firm manages almost twice as much money -about $3 billion-in private portfolios. Until recently these belonged to individuals rich enough to make a $1,000,000 minimum investment, or to the pension funds of such corporations as American Cyanamid, Bristol-Myers, Duke Power and Ford Motor...