Word: leylands
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Franco's first job had been with the Fiat-General Motors-Leyland-Renault combine, but life in a company town had not appealed to him. Based on the Japanese system, the company towns had been built with one purpose-to ensure loyalty to the combine, rather than to country or family. Inbreeding was not only allowed but actively encouraged. Few people escaped, because mergers had drastically reduced one's choice of multinationals. One could work for the combine's branch in Italy or France, but it was difficult to switch to another industry. Apart from anything else...
Foreign companies have been enticed into Spain by low taxes, cheap credit and guarantees that they could repatriate capital and profits; as a result, Chrysler, Fiat, ITT, Firestone, British Leyland and 3M Co. are among those that have invested heavily. In return, the foreign-owned companies have trained Spanish managers; for the first time the country has the beginnings of an entrepreneurial class. As a newcomer to industrialization, Spain also has benefited from up-to-date plant and equipment, giving it a competitive edge on countries like Britain that industrialized long...
Another troubled company is British Leyland, the greatest monument to the merger-brokering attempts of the former Labor government. The company, which is barely profitable, still offers too many models, and cannot produce enough of them to meet rising demand. British Leyland's market share is declining in the face of imports. Problems also afflict Germany's combine of Volkswagen and Audi NSU Auto Union. The basic trouble has been the declining popularity of the Beetle-in the first ten months of this year sales of Volkswagens in the U.S. have fallen to 398,000, compared with...
Slater started as an accountant with Leyland Motors. In 1964 he bought a real estate company and, together with a partner, Peter Walker, renamed it Slater, Walker Securities. They sold its shares to the public and started acquiring companies. (Walker quit the firm two years ago to become Britain's Minister for the Environment.) Today Jim Slater is looking into takeovers of firms in most Common Market countries. His stake in Canadian industry is worth $50 million. He regards Canada as a test area for his planned move into takeovers...
Perhaps. But, says Assistant Managing Editor Tim Leyland, "while he is not your intellectual aristocrat, he is a catalyzer. He's got a good grasp of trends and movement in society." Winship, 51, has made the paper sensitive to these trends and has also been receptive to the ideas of younger journalists. Last year he appointed a 29-year-old as metropolitan editor of the morning edition. "These brainy kids in the newsroom are our salvation," he told the American Society of Newspaper Editors. "They write better than we do, they know more than we do, and they...