Autos: General Motors' Bumpy Road

Success, however, may bring self-satisfaction. The spirit of venture is lost in the inertia of the mind against change.

—Alfred P. Sloan Jr.

My Years with General Motors

In front of General Motors' fortress-like headquarters building in Detroit last week, antiwar picketers waved banners reading G.M. GETS RICH, G.I.s DIE. Why did they pick on G.M.? Last year it received only 3% of its $24.45 billion revenues from defense contracts, largely for M16 rifles. But, as the prime symbol of corporate success in modern America, G.M. is a conspicuous target. This year it is under rising pressure not only from citizens objecting to...

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