Detroit: Born Again
February, 1981
Japan may be the best thing that's happened to Detroit since Henry Ford. He breathed industrial life into the city with his first assembly lines and low prices 70 years ago. But by mid-1980, Detroit had become a symbol of all that was wrong with America and right with Japan. As many as 300,000 U.S. auto workers were laid off, a dozen plants were closed, 1400 dealerships had gone out of business.But the turning point on the long road back to competitiveness was signaled last year when William O....
