Modern speakers have permanent magnets and are called PM speakers. Permanent magnet materials technology has improved a lot over the last 80 years. Around WW2, electromagnet (EM) speakers were common because permanent magnets were not as good as they are today.
The old school EM speaker had the usual voice coil and a wound electromagnet where the permanent magnet is today. The electromagnet used a lot of power - .5 to 10 watts being typical. This DC power burn was often more than the audio output of the radio.
Mains radios had electromagnets wound from many turns of very thin fragile copper wire giving a coil DC resistance of about 1000 to 2000 ohms. These coils would fail open circuit meaning that you won't see many of these today.
Car radios would also use EM speakers with low resistance EM coils to match to the 6V battery. The car radio EM speakers were more reliable despite the high temps encountered in a car.
The audio amplifier output power of these old radios was often lousy by modern standards, like 3 watts. The old radios with EM speakers sounded loud despite the low audio power.
Are EM speakers more efficient in terms of dB per watt than PM speakers?
If a PM speaker is installed in place of an existing EM speaker that has died, how much more audio power is needed for the same sonic result?