Word: motoring
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Abernathy spent much of his time studying and advising the Ford Motor Company, and got widespread recognition in his field with a 1980 review article entitled, "Managing Our Way to Economic Decline." He co-authored a book with Clark and Kantrow, published last spring, entitled "Industrial Renaissance...
Auto companies are using a scaled-down version of the bankruptcy ploy on individual plants. When Ford Motor Co failed to extract concessions from the U.A.W. at its unprofitable Rouge steelmaking operations, it announced plans to curtail production sharply. Four days later, the union accepted concessions, and the mill was kept open. When U.A.W. workers at Ford's Sheffield, Ala., aluminum-casting plant did not accept 50% wage and benefit cuts or the company's offer to sell them the plant, it was closed last June...
Workers claim that the auto companies are getting tougher in other ways, too. Executives, they say, pit one plant against another, using interplant rivalries to spur production, a tactic called "whipsawing." Says Bob Breece, president of the U.A.W. local at Chevrolet's Flint, Mich., motor division plant: "They come in and say, 'If you don't give concessions we're not going to give you this work or we're going to shut you down.' " Breece's plant is due to close in May or June of next year...
...every weekday at 7 a.m., Captain George Tsantes stepped into the back seat of a black Plymouth sedan outside his home in Kifissia, a northern suburb of Athens, for the 30-minute drive to his office in downtown Athens. This time, however, two men on a Vespa motor scooter were shadowing him. When the car stopped for a red light, the scooter zoomed alongside, and a gunman fired seven shots from a .45-cal. pistol, killing Tsantes instantly and fatally wounding his driver...
After a year of expansion, the U.S. economy has regained a surprising amount of momentum, but the progress has been spotty and fundamental difficulties remain. Says Philip Caldwell, chairman of Ford Motor: "The federal budget deficit and the trade deficit are basic problems threatening the country's long-run health and the standard of living for all Americans." Unless the President and Congress deal with those problems, they cannot be sure that the economic recovery will develop from its lusty infancy to a ripe...