Word: daimler
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...battle was drawn out and acrimonious, but it finally concluded in less time than it takes a Mercedes to eat up a stretch of an autobahn. Daimler- Benz, the company that makes Mercedes cars and trucks, bought its way into the top ranks of West Germany's defense contractors. The carmaker last week struck a $150 million deal to take over Dornier, West Germany's second largest aerospace manufacturer (1984 sales: about $500 million...
...Daimler-Benz offer was resisted for months by Claudius Dornier, 70, eldest of six family shareholders of the company that caught the world's attention in 1929 by building the largest airplane at that time, a twelve- engine flying boat. Dornier now builds sleeker craft, like the Alpha Jet for NATO. Pressured by the five other family members, Dornier finally consented, allowing Daimler-Benz to buy 68% of the company...
...agreement follows Daimler's purchase, for $160 million, of the remaining 50% of MTU, a leading maker of military-aircraft engines and high-performance marine diesels. Daimler-Benz Spokesman Hans-Georg Kloos stressed that the technology gained by the purchases will help his company build better cars, and added that the firm is not "abandoning the streets for the skies...
...West German luxury automakers, BMW and Daimler-Benz, have avoided giving any ground on their U.S. prices. Instead, the car companies claim to have compensated for the dollar's rise by providing American customers with extra features at no additional charge. For example, BMW's 735i model, with a base price of $36,880, this year includes a larger engine and a more advanced braking system. "Normally, a redesigned car model would go up 8%," says Stephen Houston, sales manager at a dealership in Santa Monica, Calif. "But you can buy a 1985 BMW with more features for roughly...
...spring in its step. After a sour start, with discouraging box-office receipts and with La Cage aux Folles the sole hit among the new plays and musicals, the season cheered up at the holidays. December brought a British farce, Noises Off, its chaos as finely tuned as a Daimler engine, and Noises Off brought in the pre-Christmas crowds. Then the Christmas-to-New Year's week (traditionally the year's best for ticket sales) recorded a $6,058,815 total, the second highest in Broadway history. Last week magic struck again. Tom Stoppard's London...