Word: renault
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Dates: during 1960-1969
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...much for politics and prestige as for profits, General Charles de Gaulle encourages French businessmen to go East. Last week two nationally owned French concerns, Renault and Air France, followed the flag with their francs and disclosed major agreements with Communist countries...
Only one month after Italy's Fiat agreed to help the Russians build a 600,000-cars-a-year Fiat plant, Renault announced it will help the Russians expand their Moskvich plant near Moscow from a current production of 80,000 or 90,000 cars a year to around 360,000 cars by 1970. Under a pact that is likely to be signed when De Gaulle visits Moscow later this month, the Russians will pay an estimated """ million to $100 million for Renault's equipment and know-how-on longterm, low-interest credit...
...publicly owned, the firm of Renault, biggest automaker in France, and the private firm of Peugeot, the third biggest after Citroen, will cooperate on research, design, investment, purchasing and exports. Together they will form the second biggest car-making concern in Europe, after Volkswagen, with an estimated output of 1,100,000 vehicles this year. The two separate lines of cars will be maintained and, so as not to give left-wingers the chance to say that private interests are getting control of Renault, the two firms will retain their corporate identities...
...Slavik (real name: Vyacheslav Vasiliev) is married to the fashion director of Elle, drives about Paris à la folie from one decorating job to the next in his new Alfa Giulia super sedan. He started out as an industrial designer, but really made his mark when he concocted Pub Renault, a snack bar in Renault's auto showrooms. The booths resemble antique car seats, waitresses can be summoned by a brass klaxon, and the menu ranges from Renault's new Caravelle coupe ($2,300) to buttermilk...
...stock interests. U.S. bankers generally provided faster service and better terms. For European companies interested in international trade, American bankers also offered the advantage of worldwide branches, faster interchange Of capital and more exact credit ratings on overseas customers. The argument has been persuasive. France's government-owned Renault, establishing an automobile-assembly plant in Buenos Aires, turned to Bank of America to handle the financial transaction...