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...little car without substantial help from foreign partners. Honda, Toyota, Nissan and other Japanese companies have driven away with that segment of the car business, boosting Japan's overall share of the U.S. auto market from 19.6% in 1980 to 27.7% last year, or 2.7 million vehicles. When Chrysler dropped its U.S.-made Dodge Omni and Plymouth Horizon models this year, the company began relying strictly on Japanese-built vehicles to fill out the small-car category of its product line. Ford was able to stay in the market only by basing its new Escort and Mercury Tracer cars...

Author: /time Magazine | Title: The Right Stuff: Does U.S. Industry Have It? | 10/29/1990 | See Source »

Choate's defenders are equally combative. In a forthcoming letter to the Harvard Business Review, Chrysler chairman Lee Iacocca argues, "If an American CIA agent quit one day and went to work for a foreign intelligence service the next, we'd call it treason. But when American trade officials . . . defect in droves to the Japanese, we don't even...

Author: /time Magazine | Title: Ethics: Is Washington in Japan's Pocket? | 10/1/1990 | See Source »

...that the U.S. auto industry has suffered since the start of the year. The price increases threaten sales of profitable but fuel-thirsty vans, pickup trucks and full- size cars, including the Chevrolet Caprice and the Lincoln Town Car. That would mean further woes for General Motors, Ford and Chrysler, which temporarily shuttered 45 of their 62 U.S. and Canadian plants and fired or laid off 38,000 workers during the first half of the year...

Author: /time Magazine | Title: The Gulf: Full Tilt into Trouble | 8/20/1990 | See Source »

...auto market, which now stands at about 26%. While the Big Three have substantially improved their fuel economy in the past 10 years, they still lag behind the Japanese. GM raised the average efficiency of its fleet from 19.1 m.p.g. in 1979 to 26.9 m.p.g. last year, while Chrysler boosted its fuel economy from 20.5 m.p.g. to 27.7 m.p.g. At the same time, Toyota raised the average economy of its models from 24 m.p.g. to 31.7 m.p.g., and Nissan from 26.8 m.p.g. to 30.2 m.p.g...

Author: /time Magazine | Title: The Gulf: Full Tilt into Trouble | 8/20/1990 | See Source »

...nonsense historian, Pitts does not merely scour written records but gets out and prowls city streets and country lanes for gems of the nation's "built history." And she is not averse to a touch of cloak-and-dagger. In 1976 she learned that the Chrysler Building in New York City was going into receivership and the owners wanted to raze it. She rushed to the city and slipped unobserved into the skyscraper. After a top-to-bottom tour, she saved the art deco masterpiece...

Author: /time Magazine | Title: Design: Outracing The Bulldozers | 8/6/1990 | See Source »

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