LYCOS RETRIEVER 
Nicolas Hayek
built 220 days ago
Around that time, Swatch founder Nicolas Hayek had the idea to transform European cities with a line of tiny plastic cars - a kind of four-wheeled version of the Segway. He shopped the idea to carmakers across Europe, until finally Mercedes bosses saw in Hayek's vision their own stalled ambitions for a modern microcar and spun off a division to revisit the design challenge.
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Following this launch, Nicolas Hayek suggests the next creation, this time created for the anniversary of England’s Queen Elizabeth II. This timekeeper ... goes against current trends and will be the replica of a watch made for Queen Victoria in 1838. Bearing the number 5102, and, according to a description found in the archives, it is ‘a very small, simple and very flat watch, with a gold guilloché case, exocentric gold dial, steel hands, hour corrector on the side of the case next to the pendant, a self-regulating watch in a small gold guilloché case that opens on the side with the aid of a gold lip…’
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One of the team behind the original Smart Fortwo concept, Nicolas Hayek of Swatch, is planning another tiny city car. Motor Authority reports that Hayek is disappointed that the Fortwo ended up in production with conventional petrol and diesel powertrains, and is now working on a car of his own, thought to have an electric motor running on electricity released from a hydrogen fuel cell.
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Nicolas Hayek is regarded as the man who saved the Swiss watch industry from bankruptcy. In 1982 he invented the Swatch watch. This story offers lessons in how European industry can succeed in consumer electronics and volume manufacturing against any competition - even Japanese.
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As usual, Hayek has got his sums right. The 14-level building now has a built-up floor space of 5,700 square metres and he has been offered 40% more than what he paid, even before construction began!
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``The importance of America to the world economy is luckily not as big as it used to be,'' Hayek said. ``When America coughs, it's the U.S. who will get the cold and not the rest of the world.''
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Nicolas Hayek