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Leading the Japanese from the No. 12 slot was Hitachi Ltd., a manufacturer of many types of machinery, notably atomic power plants. With 1967 sales of $1.7 billion, Hitachi was up from last year's No. 18 place on the list. Nissan Motor Co., maker of Datsun cars, whose sales were $1.27 billion, shot up from 42nd to 25th place, followed by Toyota Motor Co. ($1.26 billion), which was up from 40th to 28th...
Britain's ruling Labor Party encourages corporate mergers on the theory that the country needs bigger and more efficient companies to compete in world markets. Taking the government at its word, Britain's General Electric Co. Ltd. (no kin to American G.E.), and English Electric Co., which stand one-two in the country's electrical field, obligingly prepared last week to join forces in a corporate merger that would be the biggest in British history...
...among the world's five biggest electrical companies, accounting for 90% of Britain's output of railway locomotives and up to half of the country's turbo generators, switchgear and transformers. The potential of the new combine's market domination prompted executives of Plessey Co. Ltd., a smaller electrical firm, to denounce the merger as a competition-stifling monolith...
...disturbed-if only because its managing director, John Clark, 42, had announced his own intention last month of taking over English Electric. But Clark reckoned without Arnold Weinstock, 44, British G.E.'s acquisitive boss, who made his company the industry leader by winning control of Associated Electrical Industries Ltd. in a bitter takeover battle last year. Weinstock heard the news of Clark's designs on English Electric while vacationing at his Wiltshire farm, promptly began his own negotiations with the company...
Japan's Hitachi Ltd., the huge electrical and heavy-equipment industrial manufacturer, is responsible for a number of already proved systems for accomplishing this aim. One of them, called a rotary parking tower, has been installed as an integral part of several Tokyo office buildings. It works on the same principle as a Ferris wheel: cars are parked on gondola-like platforms that are rotated up and around by a single attendant. When a driver calls for his car, the attendant pushes a console button and the wheel brings platform and car down to ground level. Costing about...