Word: carred
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Dates: during 1960-1969
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...German auto industry (see following story) is first in Brazil, with Volkswagen. A dozen other U.S. and European carmakers are also on the scene. Ford has assembled trucks in Brazil since 1919, completely built them there since 1957, but until recently has stayed out of the passenger-car field. Five months ago, Ford began building Galaxies in Brazil; by May they were selling almost as well as Willys-Over-land's boxy Aero-Willys and Itamaratys. Impressed by the possibilities, Ford bid to buy out its nearest competitor and acquire not only better production plants but also a more...
...share in Willys-Overland do Brasil held by Renault of France, whose Gordinis roll off the same assembly lines. The remaining shares are held by 45,000 Brazilian investors who now, to their delight, become partners of Henry Ford. Renault, which is Kaiser's partner in an Argentine car company called Industrias Kaiser Argentina, will acquire a controlling share of that firm. Renault will buy up a major part of Kaiser's 30% interest, as well as 14% held by two Argentine banks. Ford will also acquire Transax, S.A., an 1KA subsidiary in Argentina that has been supplying...
...which to operate in Latin America. Brazilians may not realize immediately that they have a Ford in their future. Ford will continue to make Aero-Willys, Itamaratys and Gordinis for the time being; it will likely replace them later with Galaxies and a brand-new, still secret, five-passenger car known only...
Nothing brings a more purposeful expression to the face of a German motorist than the glimpse of another car fast overtaking from the rear. Usually, his reaction is to tramp on the accelerator and do battle. But the prudent motorist respectfully pulls into the right lane when he sees a blue and white me dallion on a weasel-like grille barreling down upon him. And with good reason, for it is the emblem of the sleek five-seater produced by the Bayerische Motoren Werke. The BMW can outperform and overtake almost any standard German car on the autobahn. This year...
While such giants as Volkswagen, Opel (G.M.) and Taunus (Ford) have cut back production to meet declining demand, BMW in Munich has been turning out its cars at full two-shift capacity. In the first five months of 1967, overall German car sales dropped 18%. At the same time, BMW increased its own turnover by precisely the same percentage, expects to reach the $250 million mark in total sales this year...