Word: sew
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Dates: during 1950-1959
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...taxes, delivery charges and optional equipment, which often add $1,000 to the cost of a car. As customers have learned to bargain harder, the percentage off the delivered price has risen; the average discount on new 1958 cars is 15%, and many dealers give better than 20% to sew up a sale. The unit profit is slim, but they make just as much money selling 25 cars at 5% profit as five cars at 25% profit. Moreover, the owners of those 25 cars come back for service...
...Britons, domestic nu clear energy will total 6 million kw., v. only 1.6 million for the U.S. The British have also landed a contract for a $72 million, 200,000-kw. power plant in Italy, expect to sew up at least five other foreign contracts totaling about $500 million by the end of 1958. Target for 1967: the bulk of the business from Europe's six-nation Euratom combine, whose purpose is to build a common nuclear power grid of 15 million kw. Russia is reportedly building a 150,000-kw. plant for Czechoslovakia, a 100,000-kw. plant...
...Pennsylvania's freight profit in the first eight months of 1957, and 61% of the New York Central's. Says an official of Illinois Central, whose overall net is down from last year's $23.8 million to $16.5 million: "We've just got to sew up some of the holes in our pockets...
...nation's natural resources was passing to U.S. investors. Canadians, investing heavily in such safe and sound ventures as mortgages, public utilities and business expansion, put up three-fourths of the capital for their postwar growth; but U.S. investors, plunging heavily into high-risk mineral explorations, managed to sew up 75% of Canada's oil and gas, half its mining. The fact that U.S. investment more than balanced Canada's trade deficit and raised the value of the Canadian dollar only sharpened Tory fears that "it can't go on like this...
FORD, leading Chevrolet for the No. 1 spot in 1957, aims to sew up the lead in 1958. It will be even flashier, with a startling new grille, dual headlights and enormous taillights running horizontally across the rear end of the car. To compete with Chevy's new engine, Ford will bring out a bigger (332 cu. in.) V-8 for its Fairlane series. Another big change: Ford's 1958 Thunderbird will jump into the family-car class with a new 113-in.-wheelbase model that has a back seat...