Word: michelins
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...Togliatti could subdue the party regulars inside the hall, a more resounding verdict was delivered outside. Workers of Turin's Michelin tire plant, voting as the eighth congress was about to adjourn, registered a drop in Communist strength (from 60% to 26% of the total vote), to throw the Red-dominated union out of control of its shop stewards' committee for the first time since World...
...Invent?" Though Le Temps' backing comes from executives in top business firms, e.g., Michelin tires, Citroën, Esso Standard Oil, the backers (as Esso Standard Oil took pains to point out in its own case) went in as individuals, not corporations. Nevertheless, the bugaboo of business control of newspapers is a real one in France. When some 60 dailies cluttered Paris kiosks in the 1920s, bankers and munitions makers kept newspapers like mistresses. By World War II, big business had a firm grip on the major Paris dailies. Afterward, millions of angry Frenchmen blamed business for the papers...
Paris hotel now costs from $7 to $12. France's famed food is a bargain: Michelin's Guide lists 2,000 restaurants that will serve a meal for a maximum $1.70 (tip included). In Paris, the visitor can take a $13 nightclub prowl that includes a dive billed imaginatively as "the center of the former underworld," where everything is faked but the check. The Crazy Horse Saloon has a floorshow featuring cowboys, Indians and cowgirl stripteasers...
...seemed on their way, as he tooled up for the famous front-wheel-drive Citroën. But it was too late: Citroën owed too much. One day in 1934, a creditor came calling who could not be turned away with fine language and fine wines. Pierre Michelin, tycoon of Michelin Tire Co., France's largest tiremakers, who had bought up an estimated 63% of Citroën's stock, told André Citroën: "Monsieur, you have nothing more to do here." Citroën lost the company, the Eiffel Tower lights winked...
...Conservatives. The new owners cut down on debts, advertising (Citroën does not advertise in France to this day) and car colors, but with Michelin's ultra-conservative management and Citroën's soundly conceived car, the firm prospered. By World War II, it was selling 60,000 autos a year. Nazi bombings, followed by Nazi expropriations of machine tools, stopped production, but with war's end' Citroën came back, turned out 9,324 cars' in chaotic 1945. Last week, with a comfortable billion francs in cash reserves, Citro...