Word: offing
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Dates: during 1960-1960
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All the other automakers saw was red. Furious G.M. officials pointed out that their Michigan employment, instead of being down, is 11 % higher than ten years ago, their U.S. employment 13% higher. Far from shipping foreign-made parts into the U.S., G.M. actually ships U.S. parts to overseas plants.
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...
After a bitter six-month struggle for control of the Baltimore & Ohio Railroad, the Chesapeake & Ohio last week won out over the New York Central. The C. & O. obtained tenders from B. & O. stockholders for 55% of the road's stock, enough to ensure control. The victory was a...
Next step for the C. & O. will be to ask the Interstate Commerce Commission to permit the exchange of stock to give C. & O. control of the B. & O. Tuohy insists on control as a first step toward merger, since he wants to make some changes in the financial structure...
The prosperous C. & O., which earned $37,994,000 in the first eleven months of 1960 and has paid a dividend for all years except two since 1899, intends to pump money into the B. & O. system for a badly needed modernization program, will repair or replace the B. & O...