Word: saab
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Volkswagen late last week suddenly gained a potent new rival. In a surprise move, Sweden's two automakers-Volvo and Saab-Scania-announced their decision to unite in a new company, to be called Volvo-Saab-Scania. By any measure, the triple-hyphenated outfit will be a giant: with sales of $5.8 billion, it will rank as Europe's fourth largest automaker (after Daimler-Benz, Renault and Volkswagen), turn out a line of vehicles ranging from compacts to huge Scania rigs, and employ nearly 104,000 workers...
...rocketing wage costs (up 40% in two years to $6.33 per hour) and excessive absenteeism rates (as high as 20% on any given day), Sweden's cars are being priced out of the world market. The merger will strengthen the Swedish auto industry by combining Volvo and Saab sales forces, distribution setups and parts supplies abroad. It will also enable Saab and Volvo to bring out a hew line of models, presumably based on a synthesis of Saab's sporty front-wheel drive design and Volvo's vaunted safety features...
...larger company (1976 sales: $3.6 billion), Volvo will be the main partner, with 66% of the voting shares. Volvo's dynamic Pehr Gyllenhammar will be president, and Saab-Scania's Curt Mileikowsky will be executive vice chairman. Saabs aircraft division, which makes the Viggen jetfighter, will be part of the new company...
Died. Edouard Saab, 47, editor of Beirut's French-language daily newspaper L'Orient-Le Jour; of a sniper's bullet; in war-torn Beirut, while driving to the Moslem side of the battle line after two days of reporting on the Christians. A Maronite Christian born in Syria, Saab drifted into journalism after studying law at Beirut's St. Joseph University. The author of two books on the Middle East, Saab at the time of his death was writing one on Lebanon's present conflict, which he feared could lead to genocide...
Belgium's King Baudouin and Queen Fabiola were the first sceptered pair to visit the U.S. in 1976, followed this month by Sweden's rambling Rex, Carl XVI Gustaf, on a 26-day, 26-stop itinerary that would sap a Saab. Denmark's Queen Margrethe and Prince Henrik will arrive May 9 for a nine-city tour winding up in the U.S. Virgin Islands, which were hornswoggled from their country for $25 million in 1916. Norway's Crown Prince Harald and Princess Sonja will explore Leif Ericson's land in June; earlier the same month, Spain's new King Juan...