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Dates: during 1990-1990
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...experiment in $ American manufacturing. For General Motors, which has invested eight years and $3.5 billion to launch Saturn, the venture has a specific competitive goal: to build small cars as well as the Japanese do -- and then some. But GM's even more heroic mission for Saturn is to help the world's largest industrial company (1989 sales: $126.9 billion) break loose from rusty traditions that have dogged the company's performance for more than two decades...

Author: /time Magazine | Title: The Right Stuff: Does U.S. Industry Have It? | 10/29/1990 | See Source »

Most important, as a working laboratory of labor relations and manufacturing know-how, Saturn will help answer one of the most pressing questions of the 1990s: Can America compete with the Japanese? Automaking may be a relatively old field, at least compared with supercomputer building or gene splicing. But the automobile, with its 10,000 parts and ever increasing complexity, remains one of the most challenging products to manufacture and a telling measure of an industrial society's capabilities. "Saturn will have enormous psychological impact on American business," says Lester Thurow, dean of M.I.T.'s Sloan School of Management...

Author: /time Magazine | Title: The Right Stuff: Does U.S. Industry Have It? | 10/29/1990 | See Source »

...growing to 130 by the end of next year. They will be offering what David E. Davis Jr., the dean of auto critics, has judged "a damned nice little car." That is no small feat. No other American company sells or builds any kind of little car without substantial help from foreign partners. Honda, Toyota, Nissan and other Japanese companies have driven away with that segment of the car business, boosting Japan's overall share of the U.S. auto market from 19.6% in 1980 to 27.7% last year, or 2.7 million vehicles. When Chrysler dropped its U.S.-made Dodge Omni...

Author: /time Magazine | Title: The Right Stuff: Does U.S. Industry Have It? | 10/29/1990 | See Source »

...year-old former Pan Am pilot and stock-market investor tried to get his fellow retirees to pony up $1 million to help save the struggling airline. When no one would chip in, Bierer wrote his own check for $400,000, which the company will use to buy pilot-training computers...

Author: /time Magazine | Title: Generous Retiree of the Week | 10/29/1990 | See Source »

...suit for another in Sacramento"). Though sartorial satire by a man about a woman candidate would be regarded as sexist, Feinstein is getting away with it. The latest distracting dustup started two weeks ago, when Feinstein heckled Wilson about his poor Senate attendance record. Go back to Washington to help out in the government budget wrangle, she taunted him, and I'll suspend campaigning. Last week Wilson returned to the capital because of the deficit showdown. Feinstein cheerfully continued campaigning. State G.O.P. chairman Frank Visco accused Feinstein of breaking her word. "All bets are off," she responded, because Wilson...

Author: /time Magazine | Title: Getting Down and Dirty | 10/29/1990 | See Source »

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