Word: bende
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...steel industry, most overtime is worked when employees fail to show up for shifts, and no new hiring would be feasible in such cases. The auto industry has dragged in every available trained worker to keep up with the sales race, and Detroit companies have even gone to South Bend to recruit laid-off Studebaker workers. But there is no time to train green hands; automen need production right...
...Industry recently launched a 29,000-ton tanker whose engine and control systems are so highly automated that it is manned by only 31 crewmen v. 62 for comparable tankers. Also at Kobe, Mitsubishi Heavy-Industries is experimenting with a "pin-joint" design for large tankers; the ship would bend slightly at midships to ease the strain from the waves and thus be less expensive because it would need less steel for structural strength...
...even the conservative East. Autocrat Manufacturing Co. of Ypsilanti, Mich., is turning them out at the rate of 10,000 a day and is planning to sell 5,000,000, ranging in price from $1.79 to $2.79, in the next 18 months. A competitor, Amsco Manufacturing Co. of South Bend, Ind., has had two lights ($1.95 and $2.95) in production for only a couple of months, and is already making 2,000 lights...
Profit Motive. What happened to Studebaker? South Bend was too remote from Detroit to enable the company to move quickly with all the industry's new trends, and Studebaker's ancient plant there was hopelessly inefficient. The company's dealer organization was too small, haphazard and ineffectual. Efforts to revitalize the company were snarled by lack of cash and a series of incredible production snafus. In the past five years, Studebaker has lost at least $40 million in automaking; this year, despite the introduction of pleasantly restyled 1964 models, sales for the first eleven months fell...
...picked up so many new companies (appliances, chemicals, superchargers) that half of its $400 million sales this year came from nonautomotive divisions. These divisions earned $12 million-though the company will end the year heavily in the red because of auto losses and the cost of closing the South Bend plant. Freed from its auto losses and armed with a healthy tax write-off, Studebaker says that it expects to make an overall profit next year...