Mapping the Defense of Detroit

A Reagan plan for a Government-industry-labor "compact"

As it has been for all too long, the news out of Detroit last week was not good. General Motors announced a recall of 6.4 million cars, the second largest call-back in history, to fix defective axle bolts. Big Three auto sales continued to slump, falling 23.7% during the middle ten days of February. Chrysler got another $400 million in federally guaranteed loans but had to write checks for $350 million to unpaid suppliers. The company also announced the size of its 1980 loss, which, as expected, was the largest ever suffered by a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!