Word: renault
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Dates: during 1960-1969
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...Berlin bus and subway employees, Ruhr steelworkers and Saar coal miners. > In France, the trains, subways and buses began rolling again after a week of wildcat strikes. But almost immediately, unofficial stoppages happened at random from the Channel to the Italian border, and 10,000 employees at the huge Renault plant near Paris are threatening to strike next week for shorter hours...
...choice. Chauvinistic as he is, he is also realistic. He has long known that Citroën's decline could only be halted by some sort of a merger. For a while, he urged a merger between Citroën and other French automakers -Peugeot and/or government-owned Renault. But that plan did not even begin to work out, and last month Citroën's Bercot laid his feelings on the line. "There is no substitute," he said. "It is Fiat or nothing...
...that Russia ought to be included in the family. Even before the birth of the U.S., he said, "Dutch merchants traveled to St. Petersburg and Peter the Great came to Holland to learn a trade." This type of cooperation, he feels, continues today in such enterprises as the French Renault and Italian Fiat auto plants in the Soviet Union...
...subways rumbled once more; the whine of jetliners echoed again at the airports. By the millions, French workers trooped back to their factories. Though there were still some pockets of holdouts, notably the university students and the strikers at the state-owned radio and television stations and the Renault auto plants, France last week was returning to normal after a month of economic paralysis and chaotic civil disorder...
...already tight profit squeeze. The workers were largely justified in their demands, since their wages lag behind those in every other Common Market country except Italy. But despite its relatively low payrolls, French industry, plagued by inefficiencies in production and distribution, has yielded slender profit margins. State-owned Renault, for example, earns less than a 1% return on sales, compared with 5% for West Germany's Volkswagen. Compagnie Francaise des Petroles works on a 4.5% profit margin v. 8.6% for Royal Dutch/Shell...