Word: opel
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Dates: during 1960-1969
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...well. The 12M has a V-4 engine that drives the front wheels. Price: $1,500. > Ford of Britain's Cortina, the conservative British version of the Cardinal, has conventional rear-wheel drive, a top speed of 77 m.p.h., and costs $1,600. >West Germany's Opel Kadett, General Motor's newest European entry, features a roomy interior and trunk, is practically indistinguishable from the R-8 or Giulia in its box-tail styling, and sells...
Germany's Opel, a subsidiary of General Motors, last week brought out its new Kadett, which is priced at $1,269, v-$1,245 for the small Volkswagen. The two-door Kadett speeds to 75 m.p.h. on a 46-h.p. engine, and. like the Morris 1100 and the Renault R-8, gets about 35 miles per gallon. It has a bigger luggage compartment than the Volkswagen, but no major styling or mechanical innovations. Up at VW headquarters in Wolfsburg. the Volkswagen people did not seem worried...
...giant firms. Against that day, such native European firms as Fiat are keeping a wary eye on Detroit itself. For if Britain does join the Common Market, a merger of the British and German subsidiaries of Ford (Ford and Taunus) and a similar merger by General Motors (Vauxhall and Opel) could present Europe with two readymade automotive giants backed by Detroit's vast reservoirs of money and skill...
...biggest manufacturing corporation (more than $8 billion in assets), G.M. last week was growing in every direction. At home in the U.S., G.M.'s bread-and-butter car, the standard-sized Chevrolet, was outselling the rival Ford Galaxie by nearly 2 to 1. In Germany, G.M.'s Opel subsidiary was gearing up for fall introduction of its new Kadett economy sedan which seemed certain to lift still higher G.M.'s 11% share of world auto sales outside the U.S. In space, the giant automaker's AC Spark Plug division won a $16 million contract to build...
...present law, U.S. companies are permitted to keep an unlimited amount of their foreign earnings abroad free of tax, to expand their overseas facilities. General Motors has used this provision to good advantage to build up the strength of its foreign subsidiaries. Of the cars that G.M. produces overseas, Opel now ranks second to Volkswagen-in Germany, Vauxhall is fourth in Britain, and in Australia the Holden, in the best G.M. tradition, holds nearly half the market...