Word: fiat
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Volkswagen Chairman Heinz Nordhoff and Citroën's Pierre Bercot have both expressed alarm at growing competition from "American giants" in the European market. Fiat's Chairman Vittorio Valletta has openly called for a cartel of European producers, and Renault's President Pierre Dreyfus favors government protection against the U.S. subsidiaries...
Roomier & Racier. Taking a cue from the U.S. competition, the Europeans are bringing out more new models and moving to somewhat greater size. Despite the Italian slowdown, Fiat is doing better than last year because of the success of its recently introduced "850" model, which is roomier, racier and more luxurious than the standard small Fiat; sales have reached 1,000 a day. British Motor Corp. has brought out a new Austin "1800" model to compete against Ford's Cortina and G.M.'s Vauxhall Viva. In Germany, the larger Volkswagen "1500" has made up some of the sales...
Politics & Principles. If a search for national standards is what basically haunts Black and his brethren, the frequently fiat-like results have obviously upset many Americans. Totally apart from the Birchers, with their campaign to "impeach Earl Warren," the critics of at least some decisions include such highly respectable friends of the Court as Harvard's famed Law Professor Paul Freund, who sees in its drumfire decisions "a tendency to make broad principles do service for specific problems that demand differentiation, a tendency toward overbroadness that is not an augury of enduring work...
...Italy, a delegation headed by Deputy Premier Gogu Radulescu hit the Innocenti metallurgical factory in Milan and the Fiat auto plant in Turin in connection with a recently signed Rome-Bucharest trade agreement. Earlier an other Deputy Premier, Gheorghe Apostol, floated down the Danube enjoying the hospitality of Austria aboard a vintage riverboat replete with wine and willfulness. "Rumania won her in dependence in 1867," Apostol argued, "and will follow a policy of furthering her own interests. By 1970, Rumania will be a land of industry that must be reckoned with internationally...
...inflation, and government measures to curb it. De Gaulle's "Stabilization Plan" froze prices but not labor costs, thus pinched profits and further reduced industry's short supplies of expansion capital. In Italy the government has tightened credit to slow Europe's worst inflation. Says Fiat Vice Chairman Giovanni Agnelli: "There's such a shortage of investment capital now that many industrialists are selling shares at any price to get money...