Word: motors
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Dates: during 1940-1949
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Ferguson Lands. Harry Ferguson, Inc., which lost its old tractor-making partner, the Ford Motor Co. (TIME, July 21), imported the first 200 tractors from its new supplier, Standard Motor Co. Ltd., of Coventry, England. Standard, which is shipping 100 tractors a day, hopes they will help U.S. sales of its new 72-h.p. automobile (price: "less than $2,000"). The tractors and cars will have many interchangeable parts...
...Fishing Contest. At a given signal, 2,196 fishermen rushed out on frozen White Bear Lake near St. Paul, chopped holes in 28-inch ice and dropped in their bait. While 8,000 spectators watched (see cut), they fished for two hours. The winner, John Einum, got an outboard motor for catching a 5¼-lb. walleyed pike...
...Mercury) he did not do as well. Young Henry Ford II thought he knew why: the bigger cars had always been subordinated to the manufacture of Fords. Last week, to give equal emphasis to all Ford-made automobiles, Young Henry set up the Lincoln-Mercury Division of Ford Motor Co. as a nearly autonomous unit, connected to the parent company only by policy and financial control...
...giving Lincoln-Mercury room to grow, he hoped to give more competition to General Motors and Chrysler (whose manufacturing units are all autonomous) in their medium and high price lines. Young Henry also had a man in mind for the job of bossing Lincoln-Mercury. Last week his brother, Benson, 28, was named a Ford Motor Co. vice president and put in charge of the new division. It was Benson's first major job in the company...
...summers, and later, when he left Princeton (without a degree), he was a grease monkey in the dynamometer division. He married an automobile man's daughter, Edith McNaughton (her father was salesmanager of G.M.'s Cadillac Division), and in 1941 he was made a director of Ford Motor Co. All last year, as a member of the policy committee, he has been learning Ford finance. He has also been chafing at so much tutelage. What he needed, his family thought, was work and responsibility...