Word: aeg
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...cash hoard Mercedes had built up over decades. In the process, the company, which once prided itself on its provincial roots in Baden-Württemberg, acquired a worldwide scale and presence in both cars and trucks--and bought some absolute dogs. That included a near bankrupt household appliance company (AEG), a teetering airplanemaker (Fokker) and a 37% stake in Japan's inept Mitsubishi Motors. Those and other investments drained management's attention and the company's account; Daimler's share of Mitsubishi's 2002-04 losses totaled more than $1 billion. The company's biggest acquisition, the $36 billion purchase...
...Tape Recorder 1935, at Germany's AEG...
...idea of a uniform corporate look originated in Germany before World War I. Its pioneer was AEG, the nationwide electric company, which began as a manufacturer of light bulbs, soon made electric appliances and, by 1928, controlled mines, railroads, rolling mills and airplane plants. Peter Behrens, a painter, graphic artist and architect, who also gained a reputation as a designer of type faces and industrial products, created AEG's distinct, although by now somewhat antiquated rendition of its initials...
...that AEG-Telefunken is in receivership, a court-appointed appraiser will determine whether it can pay the legal minimum of 40% of its debts within 18 months and still remain in business. The Bonn government, which in the past has helped arrange mergers between troubled companies in the steel and automobile industries, has promised additional aid. Even if part of the firm survives, however, at least 20,000 jobs will be lost and dozens of factories either sold or shut down...
Many West German bankers and businessmen hope that the collapse of AEG-Telefunken will act as a spur for their country. They have long complained that high wages, low investment and excessive government regulation have sapped their country's economic strength. West Germany will need to return to bold innovation and good management if it hopes to succeed in high-technology growth industries of the 1980s. Those were the very areas where AEG-Telefunken failed...