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...runways. Von Kàrmàn's solution was the famed JATO rocket-booster unit. The only trouble was that the company lacked the capital and the production know-how to follow through on its big military contracts. For those it turned to Akron's General Tire & Rubber Co., which poured $4,000,000 into the tiny, brainy company (in return for 50% stock ownership) and installed Dan Kimball, then serving as General Tire's director of Government operations, as boss in 1945. In short order Aerojet was making good on its contracts, at one point...

Author: /time Magazine | Title: CORPORATIONS: G.M. of the Rockets | 6/30/1958 | See Source »

Space & Atoms. What saved the company in the postwar planemaker's famine was the same thing that made it grow in the first place: new ideas, plus topflight research into new fields. Gradually extending its contract to 87% ownership, General Tire gave Kimball the funds he needed to push Aerojet into liquid engines for some of the first U.S. military rockets: Douglas' early Nike, the Lark and Loon for the Navy. Aerojet branched out to work on underwater rocket engines, set up separate departments to pursue both liquid-and solid-fuel engines...

Author: /time Magazine | Title: CORPORATIONS: G.M. of the Rockets | 6/30/1958 | See Source »

...remarkable pitching roster, the Old Perfesser can pick such aces as Southpaws Whitey Ford and Bobby Shantz and his reformed playboy. Righthander Don ("Perfect Game") Larsen; if they tire, as a reliever he has Fireballer Ryne Duren. who has saved nine ball games, struck out 40 of the 80 men he has faced. And every four days, he can send out the burly (6 ft. 2 in., 218 lbs.) insurance agent who is currently the best pitcher in the majors: Robert Lee Turley...

Author: /time Magazine | Title: Sport: Stengel's Staff | 6/23/1958 | See Source »

...ever-increasing number of motorists are becoming thoroughly fed up with the overweighted, undersprung, swerving, swaying, tire-screeching, chrome-splashed, trinket-laden, gas-eating monsters that Detroit has been forcing upon the American public...

Author: /time Magazine | Title: Letters, may 26, 1958 | 5/26/1958 | See Source »

...restoration boom. New Jersey's Scandinavia Belting Co. still makes transmission linings for the Ford Model A and Model T. In the East, at least three major wheelwrights make wheels for the oldsters. Western Auto Supply. Sears. Roebuck and Montgomery Ward market parts for the Model T. Firestone Tire & Rubber sells several thousand antique tires a year, priced up to $67.55 each (for the Stanley Steamer and Stutz...

Author: /time Magazine | Title: AUTOS: Get a Stutz! | 5/26/1958 | See Source »

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