Word: kaiser
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Dates: during 1950-1950
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...When Kaiser-Frazer last week got a new $25 million RFC loan to help keep it solvent until it can sell its big backlog of cars, the terms were stiff. (K-F already owes RFC $43 million.) RFC ordered K-F to: 1) cut production from 800 to 600 cars a day; 2) raise no prices without RFC consent; 3) pay off the loan with 90% of the wholesale selling price of each car as it is taken out of storage...
...there were prospects of easing the shortage of aluminum. The Aluminum Corp. of America, Reynolds Metals and Henry Kaiser announced that they would expand their capacity by 320,000 tons, raising the aluminum industry's overall capacity by more than 50%. However, the new plants would not be in operation for another two years or more...
Only a month after paying off the last of a $123 million RFC loan on his Fontana steel mill, Industrialist Henry Kaiser was back hat in hand last week knocking on RFC's door. This time he wanted $38 million for his auto company, Kaiser-Frazer, which already owes RFC $43 million. K-F President Edgar Kaiser explained that the company needs the money to tide it over until it can sell its backlog of 18,000 cars. He said that the Government's credit restrictions had slowed up its sales so much that...
...dispute which simmered for several weeks last year about whether 1950 or 1951 marks the mid-century point, has started again. Nor is this sort of argument a new thing. One of the few defeats that Kaiser Willhelm H of Germany ever suffered before he blundered into the first wolrld war occurred when a board of scientists reversed an imperial dictum proclaiming that the year 1900 was the beginning of the twentieth century. The experts told the Kaiser that he had a year to wait...
...Stab in the Dark." The sales slowdown caused Kaiser-Frazer Corp. to revise its production schedules to get a firmer footing in the low-priced field. Instead of making two higher-priced Kaisers for every low-priced Henry J, it reversed the ratio. And automen who were talking about raising car prices were taking a hard second look...