Word: townsend
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Dates: during 1960-1969
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...which the new models were tooled up. Chrysler earnings were $26.8 million v. $6,500,000 last year on a rise in sales from $1.1 billion to $1.3 billion; the increase in profits came about because of the earlier start on new-model production, economies ordered by Chairman Lynn Townsend, and the sell-off of a large inventory of cars. Both G.M. and Chrysler, late in the quarter, were helped to some degree by the U.A.W. strike against Ford...
...original 4.6% increase with an average boost of only 3.6%, or $110, which Ford cautiously matched with an increase of 3.9%, or $114. Despite Chrysler's lead in price jumping, it has been enjoying brisk 1968-model sales. So it was with no small reluctance that Chairman Lynn Townsend finally conceded that Chrysler prices were "a little on the high side" and ordered the 1968 increase...
...their early years. GC Computer, a Greyhound Corp. subsidiary and largest of the five leasing concerns listed on the American Stock Exchange, reported a 47% gain in earnings last year; the price of its stock jumped from 91 to 41 at one point during the spring surge. Levin-Townsend's earnings climbed mightily in the fiscal year ended in March, and its stock price rose from 12 at the end of December to as high...
...appeared. Sales rose 1% in the second quarter, to $5.6 billion, and earnings of $522 million were only 4.4% below last year v. a first-quarter profit drop of 34%. For the half-year, profits were $911,567,400, or 20% below last year. Chrysler's Chairman Lynn Townsend reported improved second-quarter sales of $1.6 billion with earnings off 11%, to $54.4 million, from the year-ago figure but better than the first quarter's performance. Ford Motor Co. (see WORLD BUSINESS) had a second-quarter income of $146,500,000 -off 32%-on sales...
...figures from Detroit and Washington. Auto sales, after a 21% decline during the first three months of 1967, jumped sharply in April to a level only 3.4% below their year-earlier pace. "The spring upturn we've been waiting for is with us," says Chrysler Chairman Lynn Townsend, who now predicts that a minimum of 8,200,000 new-car sales will turn 1967 into the third best year in the industry's history. He adds: "People seem to have decided there isn't going to be a recession after...