Word: motorola
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Renewed Welcome. For all his chauvinism, De Gaulle could hardly watch calmly while all those Yankee dollars went to other countries. Last January, when former Premier Michel Debre took over the Economics Ministry, the word was passed that France once again would welcome American investment. Thus Chicago-based Motorola has just won official permission to build a multimillion-dollar plant at Toulouse to make transistors, diodes and integrated circuits. International Telephone & Telegraph Corp. recently received approval for a semiconductor factory at Colmar, and the French subsidiary of Caterpillar got authority in mid-March to double the size of its Grenoble...
...companies, of course, are learning how to flavor their deals more to the French taste. Motorola, for instance, will build in a depressed area where the government has a hard time persuading its own industry to go. Of the plant's 500 workers, 20% will do technological research, in which France lags. Half their output is to be exported...
...substantial return to wooden cabinets for color TV. Many companies have doubled or tripled production, are busy turning out decorator cabinets that can run the cost of a TV set (average: $550) up to $1,600. Both Miller TV Products Co. of High Point, N.C. (which supplies RCA and Motorola), and Drexel Furniture (which supplies Motorola) have greatly stepped up production to meet demand. Small Muntz TV Inc. recently bought into a Michigan cabinetmaker in order to protect its supply, and other TV makers are looking over cabinetmakers with an acquisitive eye. The increased TV work, meanwhile, has produced...
...presidency, where he is coequal with Father Fred Jr., 80, Federated's chairman. Ralph now does most of the traveling, makes most of the decisions, and is chiefly responsible for the first $1 billion sales year in Federated's history. Since his father died in 1959, Motorola Chairman Robert W. Galvin, 42, has increased sales 43%, introduced such profitable lines as color TV and space communications equipment. As president of family-held Anheuser-Busch, Inc., and the son and grandson of presidents, August A. Busch, 66, has made his company the nation's leading brewery, is gradually...
...Prognosis. So far, Reston's prognosis is good. Three companies, Motorola, Singer and Air Surveys, have already moved into the industrial park, and another dozen or so are negotiating for space. The 14-story apartment building, which has not even been topped off, already has a waiting list for occupancy, and 78 of the 270 town houses and detached homes nearing completion have been sold. Says Planner-Architect Victor Gruen, who has designed eight New Towns himself: "Reston is the most courageous effort toward the building of a New Town yet undertaken. It is my fervent hope...