Talking Shop with Detroit's Big Three

Last week TIME's editors interviewed Chrysler chairman Robert J. Eaton, General Motors CEO John F. Smith Jr., and Ford chairman Alex J. Trotman at the Detroit Athletic Club. Here are some highlights:

TIME: You three have dinners together, which was once unthinkable. You have visited the President together. Now this. Aside from a change in the atmosphere in antitrust, why all this togetherness?

Eaton: I think, basically, people recognize that we are in a global environment, and frankly, that's what our competitors have been doing for a long, long time. And we weren't permitted to.

TIME: What has come out of...

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