Word: benzing
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Boardrooms were buzzing from Bangkok to Boston last week over word of an impending alliance between industrial powerhouses Daimler-Benz and Mitsubishi. Daimler-Benz, maker of the best-selling Mercedes-Benz automobiles and a partner in the Airbus consortium, is West Germany's largest industrial group. Mitsubishi, with interests ranging from electronics to real estate, surpasses all of its Japanese rivals. Emerging from talks in Singapore, representatives of the two firms said they are negotiating joint ventures that would link their businesses in the auto, aerospace and consumer-electronics industries...
...Germany will adopt West Germany's market-oriented economy, and the going could initially be rough for East German companies and workers. Aging and inefficient East German industries like automobile manufacturing, which produces the pathetic 26-h.p. Trabant, will face competition from modern, powerful West German counterparts like Daimler-Benz. This could cause widespread factory closures and job losses, which never happened in the old centrally controlled East German economy. A report by the European Community leaked two weeks ago estimates that East Germany, which now has a worker shortage, could have 15% unemployment -- 1.2 million workers -- in the first...
Once in the West, East Germans don't really want to hold on to their old cars. Of the 2,413 Trabis registered in West Germany, most are expected to be ditched for Volkswagens even as the drivers dream of Mercedes-Benz, Audis, BMWs and Porsches. And while Trabants account for less than 0.5% of the passenger cars in the Federal Republic, they have caused a stir. "Almost every day we get letters of complaint," says Bonn Environment Minister Klaus Topfer. "The Trabant is a nuisance...
...morning the most eminent of the lot, Alfred Herrhausen, 59, chief executive of Deutsche Bank and personal economic adviser to Chancellor Helmut Kohl, left his home at the usual time, shortly after 8:30 a.m., and set out for Frankfurt's financial district in his armored, chauffeur-driven Mercedes-Benz 500SE, escorted by two other automobiles with four bodyguards. The car had traveled 550 yds. along a tree-lined street when a tremendous explosion hurled it into the air, reducing it to a charred, smoking hulk. Herrhausen died instantly...
...that day in Nuremberg. Helms would later become director of the Central Intelligence Agency, but then he was a 23-year-old United Press reporter lucky enough to get a glimpse of history being forged. For 20 minutes, Hitler stood beside his SS chauffeur in his special Mercedes-Benz, engulfed in the frightening adoration that he ignited. Hitler's car moved slowly; his bodyguards in other vehicles patrolled at the sides, automatic weapons laid out on the car floors. The bareheaded Hitler, so ordinary a man in himself, seemed transformed. "The nonchalant flip of the hand and a faint smile...