Word: millions
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Dates: during 1960-1969
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...Chairman Lynn Townsend disclosed that Chrysler will bring out the smallest of the new U.S. compacts in mid-1971. Called "the 25 Car," it will have a wheelbase of only 91 in., about 3 in. less than that of a Volkswagen. > GENERAL MOTORS has spent more than $100 million building a plant to assemble its entry in the small-car market. Code-named the XP877, the new car will be some 10 in. shorter than the Maverick. It will be powered by an aluminum four-cylinder engine. G.M. expects to begin selling the new model some time next summer...
Last week the Willot brothers capped their purchases with Bon Marché, France's oldest department store chain, which has 13 outlets with yearly sales of about $80 million. The Willots' offer was $46 million for a 50% interest and control over management. Through the department stores, they say, "we will get closer to the consumer...
...Germany, Europe's strongest economic upsurge has now reached a point at which eight job openings await each temporarily unemployed worker, even though a record 1.4 million foreign workers now labor on production lines. Prices are rising at a 3%-a-year rate. That might seem small to Americans but it is worrisome in a country where memories of the calamitous inflation of the '20s are as bitter as memories of the Depression in the U.S. The rate is likely to rise toward the end of the year, particularly if the general wage increase due in the fall...
...their business to find out about textile firms in financial trouble and move in to grab control at bargain prices. In ten years of incessant acquisitions, they have stitched together the biggest textile combine in the Common Market, comprising some 50 firms with combined annual sales of $245 million. They produce 40% of France's tenting and bandages, 50% of its linen, 60% of its diapers...
...Bruce, 66, daughter of Aluminum Tycoon Andrew Mellon, and long regarded as the nation's richest woman; in Manhattan. Over the years, Mrs. Bruce (she married Career Diplomat David Bruce in 1926; they were divorced in 1945) quietly donated enormous sums to the institutions she loved, including $20 million (in conjunction with her brother) to Washington's National Gallery of Art last year and $3,000,000 to Lincoln Center in 1958. But, as a friend put it, "she had more money than anyone could give away sensibly." Last year FORTUNE estimated her personal worth at more than...