Word: volkswagen
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...VOLKSWAGEN SHARES will go on sale next month to West German families in the lower-and middle-income groups. The shares will be limited to five per family, cost 350 marks ($83.30) each. As a result, 60% of Volkswagen will be owned by small investors; the other 40% will be split between the federal government and the state of Lower Saxony where Volkswagen factory is located...
...private industry for a loan of $400 million, siphon off state-government surpluses ($125 million), and drain unused Marshall Plan counterpart funds and the federal government's own customary budget surplus. Still another source: sale to the public of $125 million in shares in the Government-owned Volkswagen works, whose sales abroad have made a mighty contribution to West Germany's foreign exchange hoard. The new aid, announced Economics Minister Ludwig Erhard, would be offered to underdeveloped countries at low interest and over a long term; unlike past German pinch-pfennig credits, it will not be "tied...
Asked at the end of the meeting whether he could fit into a Volkswagen, the tall, heavy man replied, "Surely." Then, for the benefit of only those nearby, he quipped, "I probably can't get out, however...
...basically unchanged, has an optional engine that produces 101 h.p. (v. the standard 85-h.p. engine). Ford's successful Comet is also little changed, has a more powerful optional engine. New to Ford's line (TIME, Sept. 19) is a compact truck similar to the snub-nosed Volkswagen Micro...
SMALLER COMPACTS, to compete with Volkswagen's snub-nosed Micro-Bus, panel delivery van and pickup truck, will be brought out by Ford this year. In Detroit's best kept secret, Ford has developed new compact line with smallest wheelbase (less than 95 in.) of any U.S. automaker. Engine of new compacts is in front. Price will be in $1,900-$2,600 Volkswagen range...