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...week aboard his company's Gulfstream II. The first objective was Mitsubishi Motors, with which Chrysler has for some time wanted to set up joint production in the U.S. lacocca and Mitsubishi President Toyoo Tate announced that the companies in 1988 will begin making a small car in a plant to be built in the Midwest or South. The project will cost $500 million, turn out 180,000 cars a year, employ 2,500 autoworkers and create as many as 8,800 jobs among U.S. suppliers...

Author: /time Magazine | Title: Business Notes: Apr. 29, 1985 | 4/12/2005 | See Source »

When Stanley Watras, a Bechtel Group engineer assigned to the Limerick nuclear-power plant in Boyertown, Pa., set off radiation monitors last winter, that in itself was unusual. Nuclear-plant workers rarely come into contact with radioactive substances during their daily routine. What disturbed Watras even more was that he tripped the detectors not while he was leaving the nuclear complex but when he was entering it. As a result, he requested that Limerick's owner, Philadelphia Electric Co. (PECO), check radiation levels at his house in Colebrookdale, Pa., a few miles from the plant...

Author: /time Magazine | Title: Environment: The Colorless, Odorless Killer | 4/12/2005 | See Source »

...agreement that will allow U.S. companies to sell nuclear reactors and nonmilitary nuclear technology to the Chinese government. He had initialed the accord on his visit to China 15 months ago, but the signing was stalled when U.S. intelligence officials said that Chinese scientists had been spotted at a plant in Pakistan where nuclear weapons were being developed. Since then, the Chinese have made several verbal commitments not to help other countries build nuclear weapons. These assurances were enough to satisfy the Reagan Administration. Unless both the Senate and the House reject the pact, it will go into effect after...

Author: /time Magazine | Title: Coming Along Just Fine | 4/12/2005 | See Source »

...January, General Motors announced that it planned to build a $3.5 billion factory that will produce a new subcompact car called the Saturn. Since then, 36 states and dozens of cities have made bids to be host to a project that will provide 6,000 jobs at the plant and a shot of instant prosperity to the surrounding region. The choice of a site was originally expected to be made in April, but the suspense has dragged on maddeningly as GM considered more than 100 locations. Last week the company cleared away the last obstacle to a decision when...

Author: /time Magazine | Title: GM Picks the Winner | 4/12/2005 | See Source »

...dashed, the four Birmingham businessmen who owned the outfit handed it over to administrators from accounting firm PriceWaterhouseCoopers. Some 6,000 workers at Rover's Longbridge factory in Birmingham fear for their jobs, despite British Prime Minister Tony Blair and Chancellor of the Exchequer Gordon Brown racing to the plant, promising a massive aid package to mitigate the damage. Just two days before, DaimlerChrysler chief executive Jürgen Schrempp faced a Berlin conference hall teeming with disgruntled shareholders. They attacked him for the company's biggest ever recall, announced on March 31, which will pull 1.3 million Mercedes-Benz...

Author: /time Magazine | Title: In Need Of Some Repairs | 4/10/2005 | See Source »

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