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...

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