Time Clock, Jun. 20, 1960

1961 MERCURY will be reduced to Ford size, sell at Ford prices. New Mercury will be built on a Ford body shell but have its own styling. Ford follows lead of Dodge Dart, which is built on a Plymouth chassis, is now Chrysler's best-selling car.

U.S. WILL SPEND $2.9 billion in road building during fiscal year starting July 1, about $173 million more than last year, owing to increased revenues from federal gasoline tax.

AIRMAIL SWITCH of military mail between Europe and U.S. will be made from Military Air Transport Service to American commercial airlines....

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!