Word: benz
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...sole bargaining agent for workers in 30% of Germany's industrial plants. When companies in Württemberg-Baden refused to grant an 8% wage increase to the metalworkers (who now draw an average 77? an hour), Brenner called a strike against such strategic targets as automaking Daimler-Benz and Bosch, which makes electrical systems for most German autos. Other employers retaliated by locking out workers at scores of other plants that Brenner had not struck...
These days, most German youths do not have to go journeying for jobs. Big German companies pride themselves on the size and thoroughness of their apprentice programs. Siemens has 180 special instructors for its 6,300 apprentices. Daimler-Benz, whose founder Gottlieb Daimler rose from the apprentice ranks, has a mountaintop set aside for apprentice classrooms and recreational facilities...
...black Mercedes-Benz sedan belonging to Austria's legation in Hungary sped from Vienna to Budapest one morning last week and pulled up in front of the U.S. legation. Inside the building, Vienna's Franziskus Cardinal Konig went to the room occupied since 1956 by Josef Cardinal Mindszenty. For four hours, the two clerics talked about Pope John's wish that the Hungarian primate leave the country and go to Rome as part of John's new "active neutrality" in the cold war (TIME, April...
...revolution in favor of the compact car, are growing big for their boots, as the British might say. Citroën and Renault, Fiat and Hillman, BMW and the Japanese Datsun are adding new inches, new horsepower, and new luxury of interior appointment and exterior trim. Even the Mercedes-Benz 300 SL is tarted up with the same kind of speed-line chrome trim that is the one jarring note on the beautiful, continental-style new Buick Riviera...
When they have to publish figures, companies have numerous devices for juggling or obscuring them. One Brussels bank lists the value of its 24-story headquarters at 2?. And though Germany's automaking Daimler-Benz reported a $10 million net profit for 1961, German financial experts reckon, on the basis of its taxes, that its actual earnings were nearer to $50 million. This lack of reliable information scares small European investors away from investing in European stocks and is a chief reason why Europe has failed to develop a capital market. As a result, instead of turning...