Word: tiredly
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...seeking to shrink some of the nation's very biggest companies. In 1972 the division asked the federal courts to order a breakup of IBM. Now it is demanding that Goodyear and Firestone, two giants of the rubber industry, get rid of enough operations to make the tire business as competitive as it was in 1959-when Goodyear accounted for 23% of sales, against 28% now, and Firestone's share was 15%, v. a current 25%. Justice Department lawyers warn that the companies will not be able to do that merely by disposing of other concerns that they...
...separate suits filed last week in federal court in Cleveland, the Government accused the rubber companies of a pattern of predatory acts aimed at monopolizing the replacement-tire market. (The companies, it concedes, did not conspire with each other, but followed the same course independently.) Between 1959 and 1966, the suits allege, Goodyear and Firestone cut prices to levels that smaller competitors could not meet. When the rivals ran into financial trouble, the Government charges, the rubber giants bought them out in whole or part, took over their product lines and distribution networks-and jacked prices back up across...
Freeze-Outs. Goodyear and Firestone are also accused of freezing smaller firms out of large portions of the replacement-tire market by signing oil companies to so-called T.B.A. (for tires, battery and accessory) agreements. Under these, an oil company agrees to sell exclusively only one rubber company's tires through its gasoline stations in exchange for a commission from the tire manufacturer. Legal battling over such agreements began in 1951 when the Federal Trade Commission attacked a T.B.A. contract between Goodyear and Atlantic Richfield Co. In 1965 the Supreme Court upheld the FTC, and three years later...
Since Congress established the Federal Highway Trust Fund in 1956, the Government has spent $40.1 billion to build the 34,000-mile network of interstate highways. Because the highway fund, now $5.5 billion, keeps accumulating new money from federal taxes on gas and tire sales, it can theoretically finance new highway building until the country is paved over. At least some of this money, urban experts argue, should be spent on financially hard-pressed railroads and mass-transit systems, but despite Administration approval of the idea, the highway builders vehemently oppose any diversion of funds. Last year the two forces...
When you drive into Detroit from the South on Interstate 75, the whole city seems to belong to Ford. You do, of course, see other things--there's G.M.'s Fisher Body plant, and a big General Tire sign which informs you that 5,187,640 cars have rolled off the assembly lines of the Motor City, and informs you every second or so that another car has come off. Still, it's Ford that hits you hardest, and the biggest Ford area of all is River Rouge...