Word: volkswagen
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...marble-walled showroom not far from the Arc de Triomphe, a Volkswagen representative matter-of-factly calculated that his company now accounted for 40% of the light utility trucks sold in the Paris area. Across the Rhine, Germans were snapping up Fiats and Alfas at a clip that set an Italian auto executive to chortling, "So the Germans thought they were the only ones who could export cars!" In the bustling English Ford agency in Genoa, one of the scores of Genoese awaiting delivery of a new Anglia stabbed his ringer at the word "future"' in a poster proclaiming...
...permitted to keep an unlimited amount of their foreign earnings abroad free of tax, to expand their overseas facilities. General Motors has used this provision to good advantage to build up the strength of its foreign subsidiaries. Of the cars that G.M. produces overseas, Opel now ranks second to Volkswagen-in Germany, Vauxhall is fourth in Britain, and in Australia the Holden, in the best G.M. tradition, holds nearly half the market...
Scarcely had Erhard delivered his message when six German automobile manufacturers, led by Volkswagen, increased their retail price from $60 to $97 per car. With Kennedy-like rage, Erhard denounced the price rise as "irresponsible" and summoned top automakers to his office for what Germans like to call "soul massage." At first it appeared that Erhard had won the day. Shaken by his assault, Volkswagen's board of directors recommended that the price increase be abandoned-and whatever Volkswagen did, the other automakers could be expected to follow...
...under German corporate law, a directors' vote is not binding on management, and last week, politely rebuffing his board, Volkswagen's laconic President Heinz Nordhoff coolly announced that the increase would stick...
Dixon, 47, spends about a third of the year in Frankfurt, the remainder of his time racing by plane or in his own Volkswagen to performances with virtually every major orchestra in Europe. He is an extraordinarily accomplished guest conductor, a talent he had already well developed before he left home in the 1940s, with degrees from Juilliard and Columbia in his pocket. By then he had already collected kind reviews while leading such major U.S. orchestras as the New York Philharmonic and the NBC Symphony. Trouble was, he got no offers of a fulltime conducting post...