Reckoning to Revival: How American Workers Rebuilt an Industry
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Reckoning to Revival - Keith Naughton
Since 1996, Bloomberg Press has published books for financial professionals, as well as books of general interest in investing, economics, current affairs, and policy affecting investors and business people. Titles are written by well-known practitioners, BLOOMBERG NEWS® reporters and columnists, and other leading authorities and journalists. Bloomberg Press books have been translated into more than 20 languages.
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RECKONING TO REVIVAL
How American Workers Rebuilt an Industry
Keith Naughton
Bloomberg News
Wiley LogoCover image: Floto + Warner:OTTO
Copyright © 2014 by Bloomberg L.P. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
This work was previously published by Bloomberg News in 2013 and 2014.
Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data:
ISBN 978-1-118-93657-3 (ePDF)
ISBN 978-1-118-93656-6 (ePub)
ISBN 978-1-119-04673-8 (e-eMobi)
ISBN 978-1-119-04674-5 (e-ePub)
CONTENTS
Introduction: How U.S. Workers Rebuilt an Industry
Chapter 1: Buckle Up
Chapter 2: Off-Road
Chapter 3: Recalculating
Chapter 4: Rearview
Chapter 5: Done Dealership
Chapter 6: Idling
Chapter 7: Recall
Chapter 8: Trim
Chapter 9: High Gear
Chapter 10: Differential
Chapter 11: Ignition
Post-Crash Site
Index
End User License Agreement
List of Illustrations
Introduction
Detroit Three gains outpace industry.
The standout car fueling Ford’s comeback.
Chapter 1
Inside the Jefferson North assembly plant.
Robert Lutz, former president of Chrysler, in 1998.
Chrysler Corporation Chairman Lee Iacocca, right, hands a personal note
to Treasury Secretary Donald Regan, Wednesday, July 13, 1983, in Washington, after announcing that his company would pay off the last installment of $1.2 billion in federally guaranteed loans seven years early.
U.S. market share by company.
Chapter 2
Ralph Gilles, Chrysler’s chief designer.
Chapter 3
Sergio Marchionne, CEO of Fiat-Chrysler
Tom LaSorda, vice chairman and president of Chrysler LLC, right, and Chrysler CEO Bob Nardelli, left, at Chrysler’s headquarters in Auburn Hills, Michigan, in September 2008.
Growth in truck sales a boon for Detroit.
Chapter 4
Former Michigan Governor Jim Blanchard at a press conference on May 31, 2008, in Washington, DC.
Senator William Proxmire (D-Wis), left, shakes hands with Lee A. Iacocca, chairman and CEO of Chrysler Corp., at the start of a Senate finance committee hearing in Washington, Thursday, November 15, 1979.
Jeep Grand Cherokee sales.
Chapter 5
New Chrysler vehicles are driven off for distribution to dealerships.
A banner inside Chrysler’s Jefferson North Jeep Plant.
U.S. auto returns to profitability.
Chapter 6
Chrysler-Jeep assembly line at the Jefferson North plant.
Chapter 7
Chrysler North Jefferson facility in Detroit.
Assembly line in Chrysler North Jefferson facility.
Chapter 8
Richard Owusu
Boarded-up, abandoned homes line the streets