Word: gm
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Dates: during 1990-1999
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...government, dozens of U.S. defense companies planning displays at the Paris Air Show in June were explicitly targeted for industrial spying. The document detailed precisely what the French were after -- ranging from General Electric's satellite technology to Lockheed Corp.'s Stealth materials. The French sniffed. One targeted firm, GM's Hughes Aircraft subsidiary, chose to pull out of Paris altogether. While President Clinton decided against barring American participation, he did order a war against industrial espionage...
...bother? For years, Detroit's Big Three didn't, despite public protests to the contrary (former GM chairman Roger Smith solemnly promised a commercially viable electric car by the mid-1980s). Even in recent years they have devoted less than 2% of their research-and-devel opment budgets to electric and other alternative-fuel vehicles. Admits GM's vice president of advanced engineering Donald Runkle (although something of an electric buff himself): "They're kind of funny and hokey with these strange electric noises, always buzzing, clicking and humming. There was always this image that they were just slow, dumpy...
...Andrew Lack had a long-term contract with the most successful network in broadcast TV. Hence the surprise of last week's announcement by basement broadcaster NBC that Lack will head its news division, following such debacles as NBC's staged explosions during a report on allegedly fire-prone GM trucks. Though Lack lacks credits as a network-news czar, he boasts a host of awards for TV news programs he has produced, as well as experience working with the cream of video journalism, including NBC anchor Tom Brokaw...
...pickups' fuel tanks, says William Boehly, NHTSA's top enforcement official, "have a risk of fire in fatal side-impact crashes that is 2.4 times greater than that of Ford trucks. General Motors should therefore initiate a recall." About 300 people have died in crashes involving GM trucks. The callback, which could cost the automaker as much as $1 billion, is a request and not an order. GM, arguing that NHTSA is relying on questionable data, may refuse the appeal. The company, which has until April 30 to respond, has vigorously defended the fuel tanks against lawsuits and critical news...
...millions of Americans are being evicted from the working worlds that have sustained them, the jobs that gave them not only wages and health care and pensions but also a context, a sense of self-worth, a kind of identity. Work was the tribe. There were Sears men and GM workers and Anheuser-Busch people. There still are, of course. But their world is different...