Word: motorcar
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1950
Sort By: most recent first
(reverse)
Last week, there was more bad news for the union, good news for motorcar buyers. Because the B.L.S. index had declined 1.6 points, G.M. announced that it was lopping another 2? off the wages of 290,000 hourly-paid workers, and $10 off the quarterly pay of 72,000 salaried employees. As it had done before, G.M. simultaneously cut the prices of its cars-from $10 on Chevrolets to $40 on the most expensive Cadillacs. But the union no longer liked the double-edged sword. It announced last week that when the G.M. contract expires in May, it will wash...