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On August 3, 1933, Adolf Hitler received Sosthenes Behn (then the CEO of ITT) and his German representative, Henry Mann, in one of his first meetings with US businessmen. [16] [17] [18] [need quotation to verify] In his book Wall Street and the Rise of Hitler, Antony C. Sutton claims that ITT subsidiaries made cash payments to SS-leader ...
The construction work was carried out by prisoners who were forced to work in the satellite camp of the Mauthausen concentration camp in Passau until the last days of the war., [148] [149] (the text refers to the German Wikipedia: de:Stausee Oberilzmühle) Opel (a subsidiary of Stellantis) Opel Logo 2021: 1862 Rüsselsheim am Main, Hesse, Germany
A large trade deficit seemed almost inevitable. But Hitler found this prospect unacceptable. Germany began to move away from partially free trade in the direction of economic self-sufficiency. [94] Hitler was aware of the fact that Germany lacked reserves of raw materials, and full autarky was therefore impossible. Thus he chose a different ...
Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany.Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst.
KdF's most ambitious programme for German workers was to set up production of an affordable car, the KdF-Wagen, which later became the Volkswagen Beetle (Volkswagen being German for 'People's Car'). This was originally a project undertaken at Hitler's request by the engineer Ferdinand Porsche.
Once the war had begun, the foreign subsidiaries were seized and nationalized by the Nazi-controlled German state, and work conditions deteriorated, as they did throughout German industry. About 12 million forced labourers, most of whom were Eastern Europeans , were employed in the German war economy inside Nazi Germany during the war. [ 13 ]
The ruling referred in part to the party’s desire for racial purity: A central goal advocated by its youth wing includes the “preservation of the German people in its ethnic stock.”
These included the Volkswagen Type 2 in 1950, the Volkswagen Karmann Ghia in 1955, the Volkswagen Type 3 in 1961, the Volkswagen Type 4 in 1968, and the Volkswagen Type 181 in 1969. In 1960, upon the flotation of part of the German federal government 's stake in the company on the German stock market, its name became Volkswagenwerk ...