• Short Summary

    The West German parliament is taking a strong line in an attempt to strengthen the flourishing post-war free enterprise system of economy by selling off a long string of state owned business and industries.

  • Description

    The West German parliament is taking a strong line in an attempt to strengthen the flourishing post-war free enterprise system of economy by selling off a long string of state owned business and industries. One of the better known concerns which they hope to sell to the public is the highly profitable Volkswagen car firm.

    A bill before the parliament provides that 'peoples share' in a new non-governmental Volkswagen will be offered to modest investors, including the working man, on advantageous terms. It has numerous clauses to assure that the shares will be widely distributed and to prevent them from being cornered at a later date by other car manufacturers who might like to eliminate Volkswagen's low-priced competition.

    In the meantime, the Volkswagen works at Wolfsburg, near Hanover, continues to turn out the 'peoples car' at a fantastic rate. Conveyor belt production stops for nothing and the cars are as good as sold the second they roll off the line.

  • Tags

  • Data

    Film ID:
    VLVA7ICBZ6N5A9WZ3JC0A98B9GKP7
    Media URN:
    VLVA7ICBZ6N5A9WZ3JC0A98B9GKP7
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/01/1958
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:24:00
    Time in/Out:
    /
    Canister:
    N/A

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