Word: mcwhirter
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...Reported by Sam Allis/Norman, Patrick E. Cole, Tammerlin Drummond, S.C. Gwynne, William McWhirter and Ann M. Simmons/Oklahoma City
...Roberts in 1988. Today's surprise announcement boosted Chrysler stock and prompted Chairman Robert Eaton to scrap a scheduled New York auto show speech.TIME Detroit bureau chief William McWhirtersays Chrysler is well positioned to fight a takeover because of its profitability, as well as Eaton's financial acumen. Nevertheless, McWhirter says the announcement sent shock waves through a U.S. industry that has never before been targeted by such a bid. Kerkorian already owns 10 percent of Chrysler. Iacocca, 70, said he does not want to go back into management. As for their plans for the firm, a press release provided...
...Reported by William McWhirter and Joseph R. Szczesny/Detroit and Sribala Subramanian/New York
...Dickerson, Michael Duffy, Jay Peterzell, Suneel Ratan, Elaine Shannon, Ann M. Simmons, Dick Thompson, Mark Thompson, Karen Tumulty, Douglas Waller, Adam Zagorin, Melissa August New York: John Moody, Edward Barnes, Massimo Calabresi, Adam Cohen, Sharon Epperson, Jenifer Mattos Boston: Sam Allis Chicago: Elizabeth Taylor, Wendy Cole Detroit: William McWhirter Atlanta: Michael Riley Austin: S.C. Gwynne Miami: Cathy Booth, Tammerlin Drummond Los Angeles: Jordan Bonfante, Patrick E. Cole, Elaine Lafferty, Jeanne McDowell, Sylvester Monroe, Jeffrey Ressner, James Willwerth, San Francisco: David S. Jackson Denver: Richard Woodbury...
...Georgia, Janesville, Wisconsin, Ste. Therese, Quebec and Oshawa, Ontario were closed or crippled. The plants assemble cars on which GM is banking heavily, such as the Chevy Lumina and Pontiac Firebird, as well as the popular Chevy Suburban and Blazer sports utility vehicles, says TIME Detroit bureau chief William McWhirter. If the strike continues into next week, the slowdown will spread to Chrysler and Ford -- further putting pressure on GM to settle the strike. But McWhirter does not expect it to go that far. "Both sides are negotiating in good faith," McWhirter says. "This is not going...