Word: norwegians
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Volvo chief sought a merger with his smaller but more profitable Swedish rival, Saab-Scania. The engagement was announced, but Saab-Scania became worried about Volvo's decline and broke it off. After Falldin's government refused to help, Gyllenhammar secretly turned to Norwegian Premier Odvar Nordli...
According to the plan, which still has to be approved by Volvo's unions and the Norwegian parliament, the present firm will be dissolved and replaced by a holding company, called Volvo (Svenskt-Norskt) and composed of two divisions. The Swedish branch will have 60% of the shares and appoint six directors to the ten-seat board; the Norwegian wing will own 40% and name four board members. Owners of Volvo stock will be given shares in the Swedish operation; half of the shares of the new Norwegian branch will be sold to the public, with the rest going...
...troops' job is almost impossible, but they are learning. Before the Israelis pulled back to a six-mile-wide zone along the border, the Norwegians were confronted one day by a group of Israeli soldiers who wanted to come into the Norwegians' camp and look around. The Norwegian commander did not want the Israelis in his camp and told them so. They insisted. Sensing trouble, the commander put an end to the affair by ordering his men to attack the Israelis by using their tent poles as clubs, all the while chanting a war cry. The astonished Israelis...
...anyone challenges us," explained the Norwegian commander later, "we tell him, 'You win if you fight us with guns, but you will be responsible for winning.' So far we've been lucky; we've encountered smart soldiers who understand...
Despite some initial failures, the U.N. units seem to be coming to terms with the Palestinians. After a fight in which one of his men was wounded by a band of irregulars, the Norwegian commander, Major Tor Løset, went to see the local Palestinian leaders. "I told them we regretted using our weapons," he said later. "They told me they regretted the incident too. They said that none of their regular forces participated. I told them we should have a telephone line direct to their headquarters so we could communicate if there were future attempts to infiltrate...