Krupp to drop vehicles
16th February 1968, Page 43
16th February 1968
Page 43
Page 43, 16th February 1968
— Krupp to drop vehicles
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Keywords :
Daimler Ag, Krupp, Military-industrial Complex, Economy Of Germany, Daimler-benz, Germany, Daimler, Transport
by Tony Wilding
The prospects of a link between Krupp and a non-German Manufacturer have been dashed by the news that Krupp is to cease vehicle manufacture from July 1 this year and that Daimler-Benz is to buy its 16 service depots in Germany.
It is reported that the Krupp vehicle division has lost 100m. D.marks (over £10m.) in the past four years and there is a suggestion that the W. German Government has played a part in the deal with Daimler-Benz. Future plans for the Krupp manufacturing organization are not yet decided.