Word: fiat
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...summer vacations and sometimes whole school years to work on development projects in Siberia and the Soviet Far East. Komsomoltsy helped build the Bratsk hydroelectric station, are now participating in the construction of the Togliatti auto plant, which is scheduled to produce 600,000 Soviet versions of the Italian Fiat a year. Some of the youngsters go out of ideological zeal, some simply for the adventure of getting away from home. But for most, subtle and highly persuasive pressures are at work, primarily choice job assignments after graduation that can be allotted in part according to a Komsomol pl record...
When France's desperately indebt Citroën and Italy's thriving Fiat, which stands next only to the U.S.'s Big Three among world automakers, announced merger plans last month, they got short shrift from Charles de Gaulle. In exercising an effective veto, the De Gaulle government charged that the deal would threaten "the independence of a very important French company...
Italy's prosperous Fiat (TIME, Oct. 11). Fiat had hoped to buy more than a 30% share of France's second-biggest carmaker and then try to revive its sinking health...
...Gaulle's ruling on the deal was a somewhat ambiguous "No, but yes." No, Fiat could not buy the Citroen shares from the tire-making Michelin family. But yes, Fiat and Citroen could cooperate, so long as their mutual dealings did not affect "conditions of employment" and the "equilibrium of the auto market in France," That means that little, if anything, can be salvaged from the original deal, The two companies had intended to share manufacturing plants and probably to channel more Citroën work to Italy's lower-wage labor market, They also had planned...
With its lagging sales and debts of at least $100 million, Citroen is eager to hitch up with another auto manufacturer. Charles de Gaulle would like a purely French solution: perhaps a merger of the three major French carmakers, to be called Automobile de France. If that happens, Fiat may be sorely tempted to woo Germany's Volkswagen. Such a combine would dwarf anything that France could put together...