Word: fiat
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Mortgage & Fiat. As Labor Minister Lopez Mateos often worked a seven-day week. His. ministry handled 13,382 labor disputes; only 13 developed into strikes. Both labor and management call him a square shooter, approve his candidacy. He also helped write the successful Mexican-U.S. agreement on control of border-jumping "wetbacks," and might well express his admiration for Mexico's northern neighbor were it not that by local tradition such sentiments are political suicide...
...marble-pillared lobby trooped old-line cartel capitalists and socialist bureaucrats, Japanese financial shoguns and silk-clad Burmese magnates. From London came financiers whose firms had bankrolled the Industrial Revolution; from Berlin, the brisk businessmen who have built Europe's sturdiest economy from the rubble of war. Fiat's Managing Director Vittorio Valleta flew in from Turin, the A.F.L.-C.I.O.'s George Meany from Washington, Banker G. D. Birla from India. Biggest delegation was a 202-man phalanx of U.S. executives spanning the economy from Ritz Crackers to R.C.A...
Just before the rally began, the finance company seized one contestant's Fiat. The jack-booted driver of an Australian Ford showed up with his rear seat cramped by an ice-cream-packed icebox. The crew of a Queensland Volkswagen whooped it up in American Indian headdress. But most of the competitors in the 10,563-mile, round-Australia Mobilgas Rally who started west from Melbourne last month spent their last spare minutes sensibly checking safety equipment. They would have to drive a distance more than one-third the circumference of the earth, bounce over the worst...
Into the booming foreign-car sales race Italy's Fiat last week rolled its 116-in.-long, two-passenger "New 500" model, which it expects to start exporting to the U.S. this autumn. Fiat set an $800 price tag on the 500, hopes to accelerate its opening sales push in the U.S. (TIME, April 22), which sold 1,200 standard Fiats in the first two months...
...Leader Pietro Terzi, commander of the men who captured the treasure, laughed nervously as he testified: "We decided to hand the treasure to the Communist Party because the Communists had fought harder than anyone else." An ex-driver for the partisans told of loading five heavy suitcases aboard a Fiat, taking them to Como and delivering them to Gorreri. "They weighed plenty," said the driver. "The car was overloaded and the wheels scraped against the fenders." Snapped Gorreri: "I never saw you before. You lie." Said the driver, unperturbed: "I never...