Business: Personal File: Nov. 24, 1961

-With Chrysler Corp.'s share of the U.S. auto market once again declining (to 10% in early November), Detroiters were unsurprised when Chief Chrysler Stylist Virgil (Forward Look) Exner, 52, resigned to make room for Elwood Paul Engel, 44, who was netted in a raid on Ford's styling staff. A disciple of flamboyant ex-Ford Stylist George Walker (TIME cover, Nov. 4, 1957), New Jersey-born Designer Engel was largely responsible for the clean, squared-off 1961 Lincoln. Chrysler President Lynn Townsend, who desperately wants the same golden touch for his cars, has ordered Engel to report directly to him to make sure that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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