Word: fiat
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Hottest Thing in France. Italian-born Motorman Pigozzi, 56, has had a supercharged rise in the French auto business. He left the scrap business in 1926 to become the French distributor of Italy's Fiat cars. When he ran into import and tariff troubles, he took over a small assembly plant in France. In 1934, after assembling 32,000 Fiats, he bought out a bankrupt auto factory near Paris for $300,000 and organized Simca (Sociéte Industrielle de Mécanique et Carrosserie Automobile). Gradually he loosened his ties with Fiat, and today Simca, while it still...
...turning the whole business into a cooperative. For himself, he kept $250,000. He also turned his estate outside Zurich into an amusement park, moved into a four-room house where he and his wife live without servants, and from which he drives to work in a mouse-sized Fiat two-seater. Duttweiler stayed on as president of the Migros cooperative at $9,000 a year, but three years ago gave up that salary...
...with druidical passion. He still bristles at the recollection of Franklin Roosevelt's court-packing plan or Harry Truman's use of "inherent power" to seize the steel mills. He is just as passionately opposed to attempts of his own party colleagues to rule by fiat or overlook the established law. Cooper was one of the first Senate Republicans to denounce Joe McCarthy openly. He is ferociously opposed to legislation permitting wiretapping by federal law-enforcement officers and to the removal of Fifth Amendment protection from reluctant witnesses. "These fundamental things," he says, "are the very substance...
...Fiat-Footed Marketeers. In the Far East alone, some $110 million worth was called in. The secret was well kept. To reduce last-minute deals, troops were confined to bases before the news was broadcast, sailors confined to their ships (some thought they were about to be sent to Indo-China). Black-marketeers everywhere were caught flat-footed with thousands, perhaps millions, of dollars worth of MPCs, which turned to worthless paper in their hands...
...days, when the U.S. had such a road tradition, when half a million New Yorkers jammed out to watch the Vanderbilt Cup races on Long Island. In the Vanderbilt were such car names, now dim, as Pope-Toledo, Darracq, Simplex and Locomobile, such still familiar ones as Mercedes and Fiat. The driver lists included such U.S. professionals as Barney Oldfield, Ralph de Palma, such millionaire amateurs as William K. Vanderbilt himself and Spencer Wishart, such Europeans as Jenatzy, first man to exceed 60 m.p.h., Lancia, Nazzaro, Victor Hemery and Louis Chevrolet. But the toplofty language of the racing notices enraged...