Word: motoren
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Dates: during 1970-1979
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That is exactly the kind of challenge that Lutz met and mastered when in 1974 German Ford lured him away from Bayerische Motoren Werke (BMW), where he had been sales vice president. It scarcely seemed a good time to make the move, since German Ford in 1974 lost $69 million-while its chief rival, General Motors' Adam Opel subsidiary, squeezed out a $2.4 million profit-and saw its share of the nation's auto market fall to 10%, from...
...able to stay in the black with a profit of $2.4 million on sales of $1.8 billion. "The big producers were all stuck with high breakeven points [largely because of high labor costs and excess plant capacity] when the recession struck," says Lutz, who moved to Ford from Bayerische Motoren Werke (BMW) in 1974. "Now the arithmetic is coming right...
...Peccei, Olivetti; Count Theo Rossi Di Montelera, Martini & Rossi; Evelyn de Rothschild, N.M. Rothschild & Sons; Dermot A. Ryan, Ryan's Tourist Holdings; Nino Rovelli, Societa Italiana Resine; Curt R. Strand, Hilton International; Charles C. Tillinghast Jr., TWA; Hendrik A.C. Van Riemsdijk, Philips' Gloeilampenfabrieken; Eberhard Von Kuenheim, Bayerische Motoren Werke (B.M.W.); Gerrit A. Wagner, Royal Dutch Petroleum; Pierre Waltz, Societe Suisse pour 1'Industrie Horlogere; Dr. Joachim Zahn, Daimler-Benz...