Word: turers
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Dates: during 1960-1969
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Like every other U.S. manufacturer, General Motors confronts a new legal threat called "strict liability" - the fast-developing doctrine that a manufac turer may be held liable for consumer injuries without being proved guilty of negligence in the manufacturing proc ess (TIME, Aug. 6). Strict liability lurks behind hundreds of pending suits that claim that the rear axle of G.M.'s 1960-1963 Corvairs caused oversteering and sometimes fatal accidents. But last week G.M. won the first of those suits - and in California, where the doctrine of strict liability is well established. In San Jose, G.M. successfully de fended...
...necessarily, says Paradiso. "There is a much tighter relationship between inventory and sales than we have ever seen before." Where it once took a manufac turer months to shift his inventory position-either because he was top-heavy with goods or could not quickly reorder -today's manufacturer has new methods and machines for inventory control that enable him to keep his inventories tight, move fast when he wants to make a change. In the past, says Paradiso, inventory tended to lag about six months behind sales; today it can be adjusted in a matter of days. "What happens...
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