Word: daimler
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Monuments & Managers. The monuments are all the more impressive because they are new. One of the secrets of Europe's success is that the war forced the Europeans to build a new production base and incorporate the latest U.S. advances. West Germany's Daimler-Benz had to rebuild almost from scratch, estimates that 80%-90% of its mammoth complex (1959 production: better than 260,000 units) is new since World War II. France's booming aluminum industry boasts that its technology is second to none. Italy's Pirelli tire and rubber company claims the same...
GERMAN AUTO TYCOON Friedrich Flick will add the nearly bankrupt Bavarian Motor Works, West Germany's seventh largest automaker, to his Daimler-Benz empire, already the Continent's biggest carmaker. Taking over B.M.W., Flick will get two fast-selling small cars, the midget Isetta and the new B.M.W...
...keep up with the demand, Daimler-Benz has 83.000 employees working in seven German plants, plants in Argentina, Brazil and India, assembly lines in Mexico, South Africa, Belgium, Ireland. Together, they are striving to shrink the company's order backlog of 82,000 cars and trucks, equal to six months' top production. As a result. Daimler-Benz stock is one of the greatest sensations on West Germany's booming stock market. A blue chip by nature, it is also the market's star riser, has gone up 400% in the past year, and last week alone...
Fourth Biggest. The man in Mercedes' driver's seat is foxy Friedrich Flick, 75, a convicted war criminal who lost 80% of his steel fortune at war's end, bought a 37½% interest in Daimler-Benz between 1954 and 1957. Flick has driven Mercedes so fast and furiously that his stock has risen in value from $20 million to $200 million, and he has rocketed back to become Germany's No. 2 industrialist (after Alfried Krupp). Seeking a smaller car for the Mercedes line, Flick had Daimler buy 88% of the competing Auto Union company...
European automen are sure that Flick yearns to grow still bigger. They buzz that he is working toward a merger with a major French or Italian automaker to dominate the car industry in the European Common Market. He has had Daimler buy preferred shares that can be converted into 5% of Studebaker-Packard Corp., his U.S. distributor. But a key factor in Daimler-Benz's plans will be the effect of the new U.S. compact cars on Mercedes' vital U.S. sales. Daimler-Benz is less worried than most other European car makers. Says President Fritz Konecke: "Our appeal...