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BUSINESS
October 2, 1992 | CAROL SMITH, SPECIAL TO THE TIMES
Fluor Daniel Inc., the international engineering and construction firm, has received a $100-million contract from BMW to build the luxury car firm's first American plant. Fluor Daniel has built facilities for nearly all the major car manufacturers, but this is its first contract with Munich-based Bayerische Motoren Werke AG, said Fluor Daniel spokeswoman Deborah Land. "From our standpoint, BMW is a very prestigious company to work for.
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BUSINESS
December 15, 1995 | From Reuters
Advanced Micro Devices Inc. said Thursday that it plans to invest $1.9 billion in a plant in Germany that would nearly double its share of processors for the personal computer market. Company President Jerry Sanders, taking aim against market leader Intel Corp., said the company intends to invest $1.9 billion in the Dresden factory. It hopes to launch production in 1998 with a work force of 1,400.
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BUSINESS
August 7, 1992 | From Associated Press
GTE Corp. said Thursday it will sell its Sylvania lighting businesses to a German company and an international consortium for $1.1 billion. Osram, a Siemens company based in Munich, will purchase GTE's North American lighting business. The consortium, Sylvania Lighting International, will acquire GTE's international lighting business. None of the 20,000 employees affected by the transactions will lose jobs, GTE said.
BUSINESS
May 5, 1995 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
In the latest in a wave of drug industry mergers giving foreign firms an ever-larger U.S. foothold, German chemical giant Hoechst on Thursday agreed to buy Marion Merrell Dow Inc. for $7.1 billion, or $25.75 a share, in cash. The deal, months in the making, is the largest U.S. acquisition ever by a German firm. Although the purchase would double Hoechst's U.S. presence, the German company would emerge with only 2% of the drug market here.
BUSINESS
December 23, 1994 | From Times Staff and Wire Reports
Dow Chemical Corp. Buying German Plants: The company is buying three chemical plants in the former East Germany in a transaction worth an eventual $2.5 billion, said the German Treuhand agency, which is charged with selling off former Communist enterprises. The purchase by Dow is one of the largest of former Communist-run enterprises made since German reunification and is probably the last before the selloffs of Eastern German assets end later this month.
BUSINESS
June 8, 1992 | From Times Staff and Wire Reports
BMW Reportedly Picks South Carolina for U.S. Plant: German luxury car maker BMW has picked the Greenville-Spartanburg area of South Carolina as the site of its planned U.S. plant, the newsmagazine Der Spiegel said. BMW officials in Germany were not immediately available for comment, but an executive with BMW of North America said a decision has not been made. The newsmagazine said BMW chief Eberhard von Kuenheim will officially announce the decision in two weeks.
BUSINESS
April 6, 1995 | Times Staff and Wire Reports
German Official Urges Open Telecom Markets: Post and Telecom Minister Wolfgang Boetsch said the United States should reconsider a proposal that would allow foreign companies to enter U.S. communications markets on a reciprocal basis only. Speaking at the National Press Club in Washington, Boetsch noted that Germany plans to open its markets to all competitors. Congress is considering legislation that would lift restrictions on foreign investment in U.S.
BUSINESS
February 21, 1995
Harman International Industries Inc., a Northridge-based manufacturer of stereo equipment, said it has agreed to acquire a German car stereo manufacturer for 400,000 shares of Harman stock plus cash and debt totaling about $60 million. The German company, Becker GmbH, has annual sales of about $200 million and supplies auto maker Mercedes-Benz with car stereos equipped with cassette and compact-disc players, Harman said.
BUSINESS
January 13, 1995
A Rockwell International Corp. division is expected to announce next week that it has formed a joint venture with a German company to make aerospace products. Collins Commercial Avionics will provide details in Munich on Thursday about its work with Deutsche Aerospace, a subsidiary of Daimler-Benz, a Collins spokesman said Thursday.
BUSINESS
January 5, 1995
Pacific Scientific Co. said Wednesday that it has acquired Eduard Bautz, a German supplier of specialized electronics. The Newport Beach company, which manufactures electronic motors and controls, said the deal is a strategic expansion that will provide it with a manufacturing facility in Europe. Terms of the purchase were not disclosed.
BUSINESS
December 23, 1994 | From Times Staff and Wire Reports
Dow Chemical Corp. Buying German Plants: The company is buying three chemical plants in the former East Germany in a transaction worth an eventual $2.5 billion, said the German Treuhand agency, which is charged with selling off former Communist enterprises. The purchase by Dow is one of the largest of former Communist-run enterprises made since German reunification and is probably the last before the selloffs of Eastern German assets end later this month.
BUSINESS
November 15, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
A major German computer distributor said Monday that it has agreed to acquire a majority stake in AmeriQuest Technologies Inc. of Irvine in a transaction valued at about $50 million. Computer 2000 AG of Munich said it wants the 51% interest in AmeriQuest so it can start selling computers in the United States. Both companies said the deal will be good for AmeriQuest too, because it will give the Southern California company a strong partner and an opportunity to expand.
BUSINESS
June 15, 1994 | LESLIE HELM, TIMES STAFF WRITER
Jockeying for a better position in the increasingly competitive world telecommunications market, the telephone monopolies of France and Germany said Tuesday that they will spend $4.2 billion for a 20% stake in Sprint Corp., America's third-largest long-distance carrier. The investment by Deutsche Telekom and France Telecom, if approved by regulatory authorities in each country, will give Sprint the global reach and financial muscle it needs to compete with market leaders AT&T and MCI.
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