Word: nordhoff
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Dates: during 1960-1969
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...Detroit's prestigious Economic Club, hardly a limousine's length away from the National Auto Show, the titans of U.S. autodom last week heard some frank talk from one of their most successful foreign rivals. The outspoken visitor: handsome, hearty Heinz Nordhoff, 63. chairman of West Germany's Volkswagenwerk, which sells in the U.S. one out of every six cars it produces...
...Nordhoff, who had come to the U.S. to dedicate the new $2,500,000 Volkswagen headquarters in New Jersey, noted that nary a Volkswagen was to be seen around Cobo Hall. "Well," said he genially, "this is a 'national' auto show, isn't it?" To a luncheon audience that included Henry Ford II, G.M. Chairman Frederic Donner and Chrysler's President Lynn Townsend, he urged U.S. and foreign automakers to make common cause in ending all trade barriers in the free world. "I look with the same great concern as you do on the protectionist thinking...
...under German corporate law, a directors' vote is not binding on management, and last week, politely rebuffing his board, Volkswagen's laconic President Heinz Nordhoff coolly announced that the increase would stick...