Word: fiat
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Died. Leonard P. Lord, Baron Lambury of Northfield, 71, retired chairman of British Motor Corp., world's sixth largest automaker (behind Fiat), who rose from draftsman to managing director of Morris Motors, then in 1938 joined archrival Austin Motor Co., where he became chairman in 1945, and in 1951 engineered the Morris-Austin merger into B.M.C.; of a heart attack; in Gloucestershire...
...Bank with underdeveloped countries to 7½% of the bank's lending capacity, thus slashing by 50% next year's planned $256 million in such loans. After that, Minority Leader Everett Dirksen lost a battle to bar Ex-Im Bank from financing machine tools for an Italian Fiat plant in Russia, but Virginia's Harry Byrd succeeded in getting through an amendment forbidding Ex-Im to ex tend credit to governments that send supplies to any nation "with which the United States is engaged in armed conflict." Since Italy has minor trade dealings with Hanoi, the Administration...
Died. Vittorio Valletta, 84, managing director from 1928 to 1966 of Italy's Fiat, world's fourth-ranking automaker and the country's second biggest private industry, a tiny (5 ft. 1 in.) onetime math professor who signed on in 1921 to help Founder Giovanni Agnelli consolidate World War I growth, deftly steered the company through depression, dictatorship and World War II, then, with organizational genius and Marshall Plan cash, embarked on a vast expansion and diversification program that resulted in $1.66 billion in sales last year at his retirement; of a stroke; in Marina di Pietrasanta...
...arrangement seems to satisfy everybody. Kaiser, which plans to continue building its Jeeps in 32 countries, will gain additional funds for that and its other worldwide construction and manufacturing operations. Renault will concentrate on Argentina, where Italy's Fiat has been pushing hard to replace
...short, most sex education tries to perpetuate by enlightened sweet reasonableness the same morality that was once enforceable by social or religious canon and parental fiat. It does not necessarily work. Family Life Professor Lester Allen Kirkendall of Oregon State, who has been working on sex education since 1928, decries the tendency of parents to look on sex education as "disaster insurance." The old threats of pregnancy, venereal disease and community disapproval no longer carry the weight they once did, according to Kirkendall. "Many parents still think we can revitalize these threats," he says, "but the kids...