GM Output Of 100 Million Seen by 1970
Û¢:"v By S. Oliver Goodman ^ÛÏProduction of the .50 millionth auto yesterday by General Motors is an achievement .unparalleled even in the annals of America with all its record^. of amazing productivity and achievement.Û "r^Those were the words of Clem D. Johnston, president of tire Chamber of Commerce of the United States, at a luncheon in the Mayflower Hotel htarking the GM milestone. More than 220 members of the -Washington GM Club and -jgtiests attended the meeting which was one of 65 like events in as many cities. .ÐÊ".Johnston told the local group ÐÊthat ÛÏwe wonÛªt have to wait 40 years to complete the second cycle of 50 million General Motors carsÛÓthat we can with some assurance make fHe prediction that the 100 millionth General Motors car will roll off the line before the year 1970 and thatÛªs only 15 years ahead!Û</br></br>Û¢:"v By S. Oliver Goodman ^ÛÏProduction of the .50 millionth auto yesterday by General Motors is an achievement .unparalleled even in the annals of America with all its record^. of amazing productivity and achievement.Û "r^Those were the words of Clem D. Johnston, president of tire Chamber of Commerce of the United States, at a luncheon in the Mayflower Hotel htarking the GM milestone. More than 220 members of the -Washington GM Club and -jgtiests attended the meeting which was one of 65 like events in as many cities. .ÐÊ".Johnston told the local group ÐÊthat ÛÏwe wonÛªt have to wait 40 years to complete the second cycle of 50 million General Motors carsÛÓthat we can with some assurance make fHe prediction that the 100 millionth General Motors car will roll off the line before the year 1970 and thatÛªs only 15 years ahead!Û .".Over the largest closed television network ever .used, ijftesident Harlow H. Curtice of General Motors predicted that auto output in 1955 would rise 10 percent over 1954. This would mean ÛÏpassenger car . production of 5,800,000 units fop the domestic market-åÈa good year for the auto industry.Û \ . Curtice spoke from Flint, Mich., where GM reached the historic 50-million mark in auto production with assembly of a golden Chevrolet in the Flint assembly plant.</br></br>Said the national economy ÛÏis showing renewed strengthÛ and that he is ÛÏoptimistic about Irtrsiness in general for the next calendar year.Û ""Declared the combination of a growing population andÛª an Expanding technology in the United States ÛÏmeans mounting employment and a rising standard of living.Û</br></br>Reported that GM employment in the United States now total 475,000 and ÛÏwill be substantial increased between how and January 1.Û '-"'Predicted another good year fqr General Motors.</br></br>Û÷Electric Power Co. common .stock touched a new high of -20 Vi yesterday in unusually ÐÊJieavy buying on the Washington Stock Exchange. "More than 2000 shares were "transacted.