Word: benzes
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Dates: during 1960-1969
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...plenty of cash. With an unerring sixth sense for economic trends, he resisted advice to concentrate all he had in steel, decided that most growth would be in autos, chemicals and paper, and set out to pyramid his holdings in each field. He bought 40% control of prestigious Daimler-Benz (Mercedes) to form a solid auto base, got a small car to sell by adding the struggling Auto Union. In an age of business managers, Flick is still an imperious and self-confident tycoon. "One must have an eye for how much a plant is worth," he says. "I fancy...
...avoids all small talk, turns out a prodigious amount of work each day at the 100-man headquarters of his holding company on two rented floors in Düsseldorf. He is frequently on the phone to such key managers as Walter Hitzinger of Daimler-Benz, constantly amazes them with his grasp of intricate details...
...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...