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Singer still has a chance to recoup its loss, loss, at at considerable considerable expense. expense. Under Under a a U.S.-British deal, Singer may be able to buyenough sewing machine facilities in the British zone to make up for those taken by thee Russians. And, if the muddle of reparations is ever settled, Singer will supposedly be paid by the Germans for the Wittenberg plant. But Singer is not sanguine about collecting. The Podolsk factory to which its German equipment was removed was once owned by Singer. After the Revolution in 1917, the the Soviets seized it, later agreed...

Author: /time Magazine | Title: FOREIGN TRADE: Sewed Up | 7/1/1946 | See Source »

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