Word: daimler
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These days Flick, a shy-looking industrialist with horn-rimmed spectacles, has a problem, and it may cause a lot more smashed crockery in those Munich beer cellars. He pocketed $1 billion when in 1976 he sold to a German bank 29% of the stock of Daimler-Benz, which makes Mercedes cars. Under West Germany's tax code, Flick has to spend all of that sum by Dec. 31 in ways that will "benefit the national economy"-or else pay 50% in capital gains and income taxes...
Henry Ford couldn't possibly have imagined that men would want to drive automobiles as fast as possible around a course when he tinkered with horseless carriages before the turn of the century. When Daimler and Benz, those great German mechanics, put together their first cars in the 1880s, they certainly didn't have motor racing in mind. Yet since the early days of automobiles, there have been the ordinary passenger cars and, in a class by themselves--the cars designed for racing. Perhaps it is a manifestation of human curiosity and a love of danger, or maybe just...
...ruined. And I can't have a relationship with another woman without security men." A Bavarian tycoon grumbled that the elaborate alarm system hastily installed in his house is forever going off, "sending the two resident guards running into nowhere with their pistols." After the Schleyer kidnaping, Daimler-Benz received 138 orders for bulletproof Mercedes-Benz limousines...
...travel with bodyguards, as an increasing number of German businessmen have been doing. Not only had police found the initials H.M. (possibly standing for Schleyer's first names) on papers in the possession of terrorists, but the industrialist was also a natural target. A director of Daimler-Benz, Schleyer also heads both the Federation of German Industries and the Confederation of German Employers-the country's two most powerful business associations. He has often appeared on television as a spokesman for Big Business on policy issues and labor disputes...
...Mass., is American-headquartered; all the rest are based in Europe, where mopeds have been popular for decades. The biggest makers are France's Motobecane, which has 5 million of its Mobylettes on foreign roads (including Bermuda, as legions of U.S. tourists have discovered); Austria's Steyr Daimler Puch; and Holland's Batavus. All have set up U.S. subsidiaries and are racing to open moped dealerships. Honda, the big Japanese maker of motorcycles and cars, as yet has no bona fide moped on U.S. roads, but it and other Japanese motorcycle makers are reportedly gearing...