One argument advanced for bailing out Detroit is that it is a national security imperative to have a domestic auto industry. I do not take that argument very seriously, but here anyway is a photograph of a Cadillac factory in 1951, presumably making tanks for the Korean war.
The image comes from the Life magazine photo library, which can be searched on Google here. The tank photograph can be found here.
(via Kottke)
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John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of All That Glitters, an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
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