Word: lefaucheux
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Profit Sharing. To clean up the bitter memories and the vast destruction left by Allied bombers, the government named Engineer-Lawyer Pierre Lefaucheux as boss. He refused to accept state subsidies. "If we do," said Lefaucheux, "the politicians will be telling us how to make door handles." Instead, he floated bond issues on the private market, got loans from U.S. and Swiss banks, used Marshall Plan money to buy machine tools and presses in the U.S. From the rubble rose some of the most highly automated factories in Europe. Renault also became a model of enlightened management...
...After Lefaucheux was killed three years ago in an auto accident, Dreyfus, his longtime ramrodding chief of production, stepped into his job. He ordered the drive into the U.S. market, pushed output from 900 cars and trucks a day to 1,500 at present. He also steered sales from $409.6 million in 1955 to more than $500 million in 1957, including $130 million in export sales, making Renault the biggest French exporter. Of Renault's $14 million-plus profit in 1956, the state got $6,600,000 in taxes and $2,100,000 in after-tax profits. Another...
Died. Pierre-André Lefaucheux, 56, president of France's government-owned...
...World War II, Lefaucheux took an active part in the French Resistance movement, was made Renault president after the Liberation, when the government confiscated the company on the grounds that it had collaborated with the Nazis...
...Government's Chief of Protocol poufed back. Coiffuring was as necessary as barbering. Who was Jules to scorn such distinguished customers as Mme. Hèlène Lefaucheux, resistance organizer and Pars
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