As much for politics and prestige as for profits, General Charles de Gaulle encourages French businessmen to go East. Last week two nationally owned French concerns, Renault and Air France, followed the flag with their francs and disclosed major agreements with Communist countries.
Only one month after Italy's Fiat agreed to help the Russians build a 600,000-cars-a-year Fiat plant, Renault announced it will help the Russians expand their Moskvich plant near Moscow from a current production of 80,000 or 90,000 cars a year to around 360,000 cars by 1970. Under a pact...
To continue reading:
or
Log-In
