CORPORATIONS: Roller-Coaster Ride

Curtiss-Wright Corp. and its Chairman Roy T. Hurley are having their woes in the business of making aircraft engines, but when it comes to press releases, they fly high. Month ago, with sales down from $599 million in 1957 to $389 million in 1958 and still slumping, C-W displayed a "revolutionary" new air-car for U.S. travelers, a vehicle that has no wheels, but zooms along at 60 m.p.h. just off the ground on a cushion of compressed air.

Last week there was no further word of air-car production or of orders. But Chairman...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!