Word: benz
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...slipped from an average 4.6% on sales in 1960 to 4% in 1961−roughly the same as the U.S.'s top 500. Profits of the 16 biggest foreign automotive companies fell 10.2% despite an 8% sales increase. A notable exception: Germany's ninth-ranked DAIMLER-BENZ−whose earnings soared from $31 million to $50 million on sales of $1.1 billion. Sales of the nine chemical companies rose 13.1%. but their net incomes declined 9.3%. Hardest hit: Britain's fifth-ranked IMPERIAL CHEMICAL INDUSTRIES, whose profits skidded 28% to $90.6 million...
...Happily backlogged last week with 113,000 Mercedes orders, Stuttgart's Daimler-Benz would not guarantee delivery to German buyers before Christmas 1963, and even foreigners faced several months' wait for some models...
Rodriquez' aliscafi come in two models: the 72-passenger PT 20, which is driven by a 1,350-h.p. Daimler-Benz V12 engine and will make up to 40 knots, and the 140-passenger PT 50. which has two V-12s and does 37 knots. Both were designed by Austrian Engineer Friedrich Lobau, who built his first hydrofoil for Hitler's navy and his second as a prisoner of war in Russia. (The Russian model, he now says...
...three imports: Volkswagen, Renault, Mercedes-Benz...
Even little Studebaker-Packard is doing better. Its Larks apparently have benefited by borrowing some styling ideas from Germany's Mercedes-Benz, which S.P. markets in the U.S. Despite a six-week strike earlier this year, Studebaker has boosted its market share from 1.3% to 1.9% in early March. To demonstrate his confidence that S.P. is here to stay, new President Sherwood Egbert last week announced the purchase of a new company, Paxton Products. It manufactures superchargers...