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Leone, as a starting point, requested Senate President Giovanni Spagnolli to determine whether a new center-left coalition could be organized under another Premier. At the same time, Fiat, the flywheel of Italy's long-running economic miracle, ordered a three-day week for 71,000 auto workers-one-third of its entire staff-because the giant auto firm had a backlog of 300,000 unsold cars...

Author: /time Magazine | Title: ITALY: The Big Sting | 10/21/1974 | See Source »

...Turin, Fiat's Northern Italian home, Bonfante found a spreading mood of disquiet...

Author: /time Magazine | Title: ITALY: The Big Sting | 10/21/1974 | See Source »

...wintry cold had already rolled down the slopes of the Piedmontese Alps to Turin, once the quasi-Parisian capital of the house of Savoy and now the Detroit of Italy. Outside Gate 20 of Fiat's Mirafiore plant, a toothless peddler hawked candy that he caustically called "special nougats for the economic crisis." Emerging workers were in no mood for sick jokes, and they bought none of the candy. Instead, they turned to union men passing out notices of protest strikes called against Fiat's shortened week...

Author: /time Magazine | Title: ITALY: The Big Sting | 10/21/1974 | See Source »

...actually "produce" petroleum; they merely?by a quirk of geography?possess it. Foreign technologists found and developed the oil, and foreign risk capital built most of the rigs, pumps, refineries, pipelines and harbors. Only the existence of the OPEC cartel, with its ability to impose prices by fiat, keeps up the cost...

Author: /time Magazine | Title: OIL: Trying to Cope with the Looming Crisis | 10/14/1974 | See Source »

Some have incorporated similar ideas in their own factories. In June, for example, Fiat introduced an entirely new system of engine assembly at its plant in Termoli on the Adriatic coast; work is now performed in fixed position "islands." There are many skeptics though...

Author: /time Magazine | Title: LABOR: Volvo's Valhalla | 9/16/1974 | See Source »

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