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...plant in the U.S. and to merge with archcompetitor Saab-Scania have both had to be given up for one reason or another. Last week Gyllenhammar got his biggest setback yet; opposition by Volvo shareholders forced him to scrap a plan to sell 40% of the company to the Norwegian government and a group of private investors in return for $225 million in cash and some potentially lucrative exploration and drilling rights in the North...

Author: /time Magazine | Title: Business: No Deal | 2/5/1979 | See Source »

Volvo badly needed the leverage that the Norwegian deal would have provided. Though it is Sweden's largest company (1978 sales: $4.3 billion), its share of the vitally important U.S. and European auto markets is precariously thin, and profits at home have been squeezed by Sweden's high wages and stagnant productivity. With the price of a top-of-the-line Volvo now $16,000 in most markets Gyllenhammar had been counting on his Norwegian connection for the money needed to develop a radically designed lightweight vehicle that would give the company broader market appeal...

Author: /time Magazine | Title: Business: No Deal | 2/5/1979 | See Source »

...daughter Linn, 11, will get down to more serious business. Linn is bound for school in Connecticut while Liv rehearses for her musical theater debut, playing the loving matriarch in a remake of John Van Druten's comedy I Remember Mama. The play about a Norwegian immigrant family in San Francisco, which spawned a long-running TV series, will open on Broadway in the spring. "Richard Rodgers has written eight songs for me," says Liv. Will she dance too? "Oh no," she protests. "Mama doesn't dance. She waltzes...

Author: /time Magazine | Title: People, Jan. 8, 1979 | 1/8/1979 | See Source »

Unmoved, Begin flew to the Norwegian capital late last week to receive his commemorative gold medal from Mrs. Aage Lionaes, head of the peace prize committee, in the high-walled medieval Akershus. In his acceptance speech, Begin quoted the prophets Isaiah and Micah ("And they shall beat their swords into plowshares, and their spears into pruning hooks. . ."). He then rhetorically posed an issue that bedevils everyone concerned with the 30-year-old Middle East struggle: "not whether, but when this vision [of peace] will become a reality." Begin did not give a definite answer. Instead, he acknowledged an intellectual debt...

Author: /time Magazine | Title: MIDDLE EAST: Alone in Oslo | 12/18/1978 | See Source »

Conventioneers have become a permanent subculture in American cities. By their badges you shall know them: Institute of Internal Auditors, Farm and Power Equipment Dealers, Norwegian Singers Association of America, National Sash and Door Jobbers, Odd Fellows, Jaycees, Telephone Pioneers, American Association for Laboratory Animal Science, Ancient Mystic Order of Bagmen of Bagdad, Benevolent and Protective Order of Elks (also Does), Knights of Pythias (also of Columbus, Equity, St. John, York and Templar), United Commercial Travelers, Automotive Dismantlers and Recyclers, neurologists, gynecologists, anesthesiologists, otorhinolaryngologists, Funeral Directors and Morticians, Sugar Beet Technologists and Hot Dip Galvanizers...

Author: /time Magazine | Title: The Convening of America | 12/18/1978 | See Source »

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