Word: millions
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Dates: during 1960-1969
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...m.p.h., but Agnelli wants more; now he intends to add the entire Ferrari company to his growing Fiat organization. A merger announcement last week said that "the current relationship of technical collaboration will be trans formed during the year into equal participation." Ferrari, with assets of about $10 million, will become, in effect, the sports-car and racing division of Fiat...
...make the most of it." Last year Decio's Skyline sold about 30,000 mobile homes and 12,000 travel trailers, more than any other U.S. firm. For the company's fiscal year, which ended May 31, it earned almost $9,000,000 on sales of $180 million, a jump of 67% in sales and 98% in earnings over the previous year. The company's stock has quintupled in price since the beginning of 1968, and Decio has recently announced a 3-for-l split...
Decio himself is worth at least $70 million.* The son of an Italian immigrant grocer, he grew up in Elkhart next to the railroad tracks. When he was 21, he went to work in the garage behind the grocery store, where his father built mobile homes in his spare time. Later, Decio invested his savings of $3,200, talked friends into putting up $7,000, and began to introduce some method into what was then a helter-skelter industry. Borrowing some ideas from auto manufacturers, he offered many different models and sold them through competing dealers. From the garage...
Mount Newman mine, which is 60% Australian owned. Under his feet was Australia's largest known iron-ore deposit, an estimated 1 billion tons, enough to make about 563 million tons of steel, or almost as much as the entire world produced last year...
...first shipments of ore from Por1 Hedland went to Japan, which will be Mount Newman's biggest customer. The Japanese have contracted for 146 million tons, worth $1.2 billion, over the next 15 years. European steel mills have agreed to buy 1.5 million tons by 1989, while 70 million tons will go to Australian mills. Australian steelmen are also considering building enormous integrated mills that would be fed by Mount Newman and other western iron mines. When that happens, proud Australia will indeed be master of her vast iron reserves...