Britain: More than Half American

When Chrysler Corp. bought 30% of the voting shares of Britain's Rootes Motors Ltd. in 1964, the opposition Labor Party charged incumbent Conservatives with a sellout, voiced fears that the move would lead to U.S. domination of a major British industry. Laborites hooted at the Conservatives' assurances that Chrysler would not be allowed to increase its Rootes holdings substantially without government sanction. Last week, in a rather full circle, the Labor government found itself bestowing its blessing on a Chrysler takeover. Minister of Technology Anthony Wedgwood Benn announced approval of additional purchases...

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