Word: simca
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Dates: during 1960-1969
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FRENCH CAR EXPORTS are facing more cuts because of U.S. compact competition. Renault fired 3,000 of its employees as unsold cars crowd French warehouses. Automaker Pan-hard cut its work week; Simca and Citroen plan to use some of the same production facilities to cut costs...
...suit also charges Chrysler's directors with making "extravagant and wasteful deals," e.g., for the marketing of the Simca French compact, a deal made, say the three stockholders, on "terms so disadvantageous that Chrysler has lost over $10 million." While swivel chairs spun in the law offices of Chrysler's attorneys, the word from the company's beleaguered executive suites was: "No comment...
...month started asking-and getting-$70 a month. Some 300,000 refugees poured into Algiers to escape the rebel F.L.N.; the city's growing economy absorbed them without missing a beat. In the spending splurge, rents went up-400% in some parts of the city. Simca auto sales jumped from 3,000 in 1954 to 14,500 in 1959, will hit 20,000 in 1960. Monoprix. France's largest five-and-ten store, expanded from two to nine stores. The number of stores selling radios, refrigerators, household equipment has increased fivefold. They do so well that bank deposits...
...rounded a gentle curve near St. Cloud race track, where his thoroughbreds had often been led to the winner's circle, a small, beat-up Simca came around the bend on the wrong side of the road. The collision flung Aly forward, and he was killed almost instantly by a broken neck (Bettina and the chauffeur were unhurt). Aly died as he would probably have wanted to: at the wheel of a low-slung car with a beautiful woman beside...