Word: motors
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Dates: during 1940-1949
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...many another Packard innovation, belong to Colonel Jesse G. Vincent, Packard's chief engineer. Unlike most engineers, Vincent never attended college; he quit school after the eighth grade, got his degree from a correspondence school. After a stint with Burroughs Adding Machine Co. and one with the Hudson Motor Car Co., he joined Packard in 1912, became a vice president three years later, specializing in engines...
Since the oldest alumnus of the Great Books course had been out of college only eight years, none had yet become rich or famous in his own right. Some had chosen business careers-there were an insurance underwriter, an adman, a financial analyst for the Ford Motor Co. But many of the St. Johnnies who had gone to work seemed to have offbeat tastes. One alumnus was producing Chinese films; another had become a ballistics expert; three were fanning in Maryland. There were also an able seaman, an organizer for the International Ladies Garment Workers' Union, a professional Marine...
Prices. Two more auto companies joined the price-cutting parade. Hudson Motor Car Co. shaved list prices by $15 to $100 (1% to 3.4%) in its first postwar reduction, and Britain's Austin Motor Co. Ltd. lopped off $75 to $200. Following its recent auto cuts, General Motors Corp. cut prices 5% on diesel locomotives ($5,000 to $8,200 a unit), the first general price reduction in the industry since 1939. Said G.M.: "Unfilled [diesel] orders are at the highest point in history...
Autos. For the second time in a year, Buffalo's Playboy Motor Car Corp. hopefully offered a stock issue, for the second time sadly withdrew it. Reason: no sale. At week's end, Playboy, which never got beyond pilot-model production of the small car it had hoped to sell for $1,000, filed to reorganize under the Bankruptcy...
Earnings. Cleveland's once-booming war baby, Jack & Heintz Precision Industries, Inc., turned in a $2.9 million loss in 1948. President Kenneth G. Donald, onetime efficiency engineer who was brought in last year to rescue the company, reported that sales of fractional horsepower electric motors had slipped badly. He had high hopes for a new product: a gasoline motor for bicycles...