Word: auto
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Dates: during 1960-1960
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...named company controller in 1949, group vice president in charge of all car and truck divisions in 1957. Last month, just one day after Kennedy won the election, McNamara was made the first non-Ford ever to serve as president of the nation's second largest auto firm (TIME...
...than 7:30, seldom left before 6. He rarely attended the hail-fellow parties other automen love, even more rarely invited the brass to his home-a modest, $50,000 English Tudor house near the University of Michigan campus in Ann Arbor, far from the mansions of most other auto executives in Bloomfield Hills and Grosse Pointe. An ardent mountain climber, McNamara reads widely and well (current choices: The Phenomenon of Man, W. W. Rostow's The Stages of Growth), urges his favorites on often bewildered fellow executives. His mind, says a friend who has seen...
...evangelist of the auto industry, President George Romney of American Motors Corp., announced last week that he was "lighting the candle" for his second crusade. (His first: the compact car.) The new crusade, he declared at a New York press conference, is a "progress-sharing plan to aid the neglected consumer." As of Dec. 1 through March, customers who buy American Motors cars will get rebates of U.S. Savings Bonds if sales increase enough over the year-ago levels...
Romney's is not the first made-in-Detroit rebate. In 1915 Henry Ford rebated $15.4 million to customers at the rate of $50 a car. The United Auto Workers union has suggested similar plans to automakers. Romney himself put one forth in 1957, but attached so many conditions that it never got started. This time, he says, he is going...
...sprawling Los Angeles, Pereira has planned an independent, self-supporting city. The first community in the urban area (see map) will border Newport Beach, have a $150 million shopping center with garden apartments, single homes and acres of green lawns. "This community will not be dominated by the auto," says Pereira. "It will be a walking community where women can stroll to the shops with their children just as our grandmothers...