Word: volkswagen
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Dates: during 1950-1959
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FOREIGN CARS are selling much faster than last year, when they won 3.5% of U.S. market with record 206,827 registrations v. 98,187 during 1956. In January front-running Volkswagen imported 7,200 cars compared with 5,700 a year ago, and France's second-place Renault shipped...
...VOLKSWAGEN EARNINGS, a tightly guarded secret for years, are being made public for first time in connection with proposal to sell stock in government-owned automaker. In 1956 Volkswagen earned profits of $60 million on production of about 400,000 cars, almost five times as much as it made in 1951 and four times its basic capitalization of $15 million. Total value of company: at least $238 million...
...Volkswagen also turned in a happy annual report. Sales in 1957 are expected to top two billion marks (more than $476 million) for the first time. This week, as Managing Director Heinz Nordhoff celebrates his tenth anniversary on the job, Volkswagen will roll out its 2,000,000th car. Other West German automakers are also picking up speed. Production in 1957 hit 1,210,000 cars, and almost half-585,000-were exported...
FAST-MOVING VOLKSWAGEN, which accounted for more than $75 million of the $175 million foreign-car sales in U.S. last year, now faces Government roadblock. In antitrust suit, Justice Department charged that major U.S. distributor, Volkswagen of America, fixed wholesale and retail prices, eliminated competition among its own 14 distributors and 350 dealers by giving them exclusive sales territories, forced dealers to sell only to buyers living in their sales areas...
...CRIMSON showed little aversion to the confiscation of half their papers, since their intended purpose was to prevent the Yalies from sleeping. Neither the police nor the managing editor of the OCD could find the other half, hidden in the vast expanse of the Volkswagen...