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...sports car in years has so quickly won the hearts of U.S. car buffs as Mazda's pert Miata MX-5. But Detroit automakers are not content to sit back and watch foreign roadsters whiz by. Next month Ford will begin selling its own cosmopolitan contender, the Mercury Capri. The car's body was designed in Italy, and its engine and chassis were developed jointly by Ford and Mazda. The Detroit automaker has a 25% stake in the Japanese company. The convertible, which will be built at a Ford plant near Melbourne, will be the first Australian-made car sold...

Author: /time Magazine | Title: AUTOS: Top Down, Hopes Up | 6/25/1990 | See Source »

...business is almost purely defense work. Northrop, the lead contractor on the B-2 bomber, counted on military sales for 92% of its 1989 revenues of $5.2 billion. Besides the Stealth bomber (price for each plane: $540 million), the company builds so- called smart weapons systems, guidance modules for MX missiles and other military hardware. After losing $80.5 million last year, the company cut costs by selling its Gulfstream IV corporate jet in January and its glass-and-steel headquarters tower in Century City, Calif., for $218 million in March. If congressional proposals to kill the $70 billion...

Author: /time Magazine | Title: Biting The Bullets | 4/30/1990 | See Source »

...based MIRVs -- has become an active issue of the Strategic Arms Reduction Talks. A treaty outline is being rushed to completion in time for the May 30 summit in Washington. If Bush's proposal makes it into the START agreement, the U.S. will scrap its plan for moving 50 MX missiles, with ten warheads apiece, from silos onto railroad cars, while ! the Soviets will demobilize 20 of their new, mobile SS-24s, each of which also packs a ten-warhead punch. But will the Soviets, who have recently taken a tougher line on START, trade a mobile weapon they already...

Author: /time Magazine | Title: Better Late Than Never | 4/23/1990 | See Source »

...presidential National Security Adviser Brent Scowcroft would like to reduce the price tag on modernization, put a "Bush stamp" on START, and eliminate from both superpowers' arsenals weapons that are as dangerous as they are expensive. Just before the Malta summit last year they suggested scrapping the MX in - exchange for a similar monster missile on the Soviet side, but the Pentagon squelched the idea -- for the time being...

Author: /time Magazine | Title: America Abroad: How to Avoid the Bush Folly | 2/12/1990 | See Source »

...land- based MIRVed missiles. A ban would significantly favor the U.S. in numerical terms because the Soviets have far more of these monsters, such as the SS-18, which carries more than ten warheads. A MIRV ban would do away with existing U.S. missile systems like the ten-warhead MX and the triple-warhead Minuteman III. The cost of dismantling these existing systems would effectively cancel out the relatively small saving in operating costs. Saving: none...

Author: /time Magazine | Title: How Much Is Too Much? | 2/12/1990 | See Source »

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