Word: daimler
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...uniformed as an Admiral of the Fleet-commanded the royal launch as it left the royal yacht and swooshed up to Bangkok's royal pier, where the English royals were greeted by the Thai royals, King Bhumibol and Queen Sirikit. Then there was a ride in the royal Daimler through cheering throngs, a walk over a flower-strewn path and a presentation of the key to the city...
Like an ominous winter fog, labor strikes have spread across much of West Germany. First, 120,000 metal workers stomped out of 82 plants. Then employers counterattacked by locking out another 360,000 workers at more than 500 factories. Six Daimler-Benz and Audi NSU plants were shut down, and the rest of the German auto industry was expected to suspend production. The union demanded a 9% to 11% pay increase, the companies offered 4.5%, and a mediation team proposed 7.5% under a seven-month contract. The union accepted the compromise, but the employers said nein...
...damage to production, the strikes will have important consequences for the trading relationship between the U.S. and Europe. Reason: labor costs are rising more sharply in most of Europe than in America. At Volkswagen, wages rose 6% in 1969, 15% in 1970 and another 16% this year. At Daimler-Benz, the ratio of labor costs to total sales has climbed from 21% to 26% in the past decade. Historically, in European industry's competition for world markets, its lower wages have counteracted the U.S.'s higher productivity, which is a result of many factors, including the quantity...
...agreement under which trade will double to nearly $1 billion by 1976. It also calls on state-owned Renault to provide $222 million in technical assistance and equipment for the $1.2 billion Soviet truck plant on the Kama River; Moscow had tried unsuccessfully to get Ford, Mack Truck and Daimler-Benz to help...
...behind the West in the technologies most essential to future growth?computers, automation, petrochemicals and telecommunications. Nor are Western firms overly eager to rush to Russia's assistance. Fiat's auto plant at Togliatti opened two years late and is still convulsed by bureaucratic and labor difficulties. Stuttgart's Daimler-Benz has backed away from a Soviet invitation to build the world's largest truck factory south of Moscow...