Word: newberger
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Chrysler's brand-new President William Charles Newberg, 49, called in the press one day last week, smilingly posed beside brand-new 1961 models for pictures to be used when the cars go on sale in September and October. Elected president only nine weeks ago, he talked enthusiastically of plans for Chrysler's coming year. Two days later Chrysler Chairman Lester Lum ("Tex") Colbert called an emergency meeting of Chrysler's board of directors in Manhattan, and he and Newberg flew there from Detroit in two company planes. At the meeting, to the shocked surprise of Detroit...
...board's terse official explanation: "His resignation was due to differences of opinion on certain corporation policies.'' When Colbert flew back to Detroit alone, leaving Newberg to follow via commercial flight, the first speculation was that the trouble was a personal squabble between Chrysler's two top men. But when Newberg was asked if he and Colbert were still friends, he replied: "Yes, as far as I'm concerned." It hardly seemed likely at this late date that Colbert and New berg could clash with such finality. Few executives in U.S. companies have been closer...
...meeting was probably the last that Tex Colbert, 54, would preside over as president and chief executive. Chrysler is about ready to change its top management, move Colbert up to board chairman, and name Executive Vice President William C. Newberg, 49, as boss. The shift has been in the works for months, and is not the result of last week's criticism at the annual meeting. Newberg is the man who succeeded Colbert at Dodge in 1951. has been groomed for the presidency for two years. And after ten years of fighting Chrysler's battles. Tex Colbert himself...
Automobiles. Detroit is upping its estimate that 6,500,000 to 7,000,000 cars will be sold in 1960, including half a million imports, said W. C. Newberg, executive vice president of Chrysler Corp. No one is now thinking of a range much below 7,000,000 units. Reason for rising optimism: the large number of sales deferred by this fall's steel shortage, plus "the excitement over the new economy cars that has helped to stimulate sales in all other price classes...
...when two forward-looking vice presidents quit last week: No. 4 Man James Cope and West Coast Plant Boss Robert T. Keller, son of former President K. T. Keller. But President L. L. Colbert denies persistent reports that he will move up to chairman and that Veep William C. Newberg will become president...