Word: michelins
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...belts and radials is probable in five years, but they may have to move faster than that. Foreign competitors are making a major drive, and last year they increased their U.S. volume by 35%, accounting for 6,700,000 of the 170 million tires sold domestically. France's Michelin is building a radial-tire plant in Nova Scotia and intends to export almost the entire output to the U.S. market. And on the West Coast, Japan's Bridgestone has just introduced a steel-belted radial guaranteed for 40,000 miles...
More and more, auto manufacturing is becoming a multinational business. Last week the French government approved the first deal in history under which companies from two countries, France's tire-making Michelin and Italy's car-making Fiat, will share control of a major auto manufacturer, France's Citroen. The companies had agreed on the outlines of the contract in 1968, but only now-long after De Gaulle had departed-did the government approve...
...majority of Citroen's stock will be put into a new holding company, of which 51% will be owned by Michelin and 49% by Fiat. Since Fiat's sales are much greater than Michelin's ($2.3 billion compared with $1.1 billion last year), many French observers expect that the Italian company will ultimately dominate Citroen, which lost money last year on sales of $1.4 billion. The deal will strengthen the position of Gianni
During her year in Germany, Diana made the turn away from affluence that so often marks the contemporary young. She preferred a Pension to a luxury hotel, a bicycle to a taxicab. On a trip with her father, she carried a Michelin guidebook because, he recalled, she "didn't want to go to any of those places, she wanted to go to places unknown...
Orly houses no fewer than eleven bars -along with six restaurants, one of which, Les Trois Soleils, rates four crossed knives and forks in the Guide Michelin. It serves such haute cuisine delicacies as langouste Thermidor, filets de sôle Sainte Marie and bananes flambées an kirsch. The restaurant's cellar, equally impressive, houses a 1929 Chateau Latour ($60 a bottle), a 1949 Chateau Haut Brion ($43), and a goodly supply of 1961 Dom Pérignon at $55 per magnum. Les Trois Soleils offers no entertainment, but "dancing weekends" are a regular attraction at Orly...