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The Reckoning Hardcover – January 1, 1986

4.6 4.6 out of 5 stars 883 ratings

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Presents a study of the crisis in the automobile industry, in a volume that focuses on the Ford Motor Company
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Editorial Reviews

From Publishers Weekly

Powerfully developing his thesis that the complacency and shortsightedness of American workers and their bosses, especially the automakers of Detroit, have led to a decline of industrial know-how so critical that Asian carmakers, particularly the Japanese, have virtually taken over the market, Halberstam tells in panoramic detail a story that is alarming in its implications. Immediately ahead lies a harsh scenario that will see America's standards of living fall appreciablyonly sacrifices will restore our "greatness." This lengthy book with its skilled, dramatic interweaving of two little-known storiesthe inside struggles of the Ford organization (including the firing of Lee Iacocca) in the 1970s and the growth of the Japanese automotive industry, notably Nissan, since the 1950scompletes the trilogy Halberstam began with The Best and the Brightest and The Powers That Be. Here is fresh and crucially meaningful material researched with notable thoroughness, replete with graphic portraits of top American and Japanese industrialists competing blindly on the one hand and with brilliant cunning on the other. The book is among the most absorbing of recent years, every page contributing to the breathtaking picture of an America that is going to learn to retool or else. 200,000 first printing.
Copyright 1986 Reed Business Information, Inc.

From Library Journal

This massive volume by Halberstam ( The Best and the Brightest , The Powers That Be ) will only add to his reputation. It is a historical overview of the auto industry in the United States and Japan, with a focus on Ford and Nissan. In a well-researched and very readable narrative, the Pulitzer Prize-winning author chronicles the personalities and company politics that decided the key issues. The resulting case study of the gradual decline of U.S. manufacturing and the corresponding rise of Japanese industry has much to tell us about our society. The Reckoning is highly recommended for both public and academic libraries as an important account of a story still unfolding. Richard C. Schiming, Economics Dept . , Mankato State Univ., Minn.
Copyright 1986 Reed Business Information, Inc.

Product details

  • Publisher ‏ : ‎ William Morrow & Co; First Edition (January 1, 1986)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 752 pages
  • ISBN-10 ‏ : ‎ 0688048382
  • ISBN-13 ‏ : ‎ 978-0688048389
  • Item Weight ‏ : ‎ 2.7 pounds
  • Customer Reviews:
    4.6 4.6 out of 5 stars 883 ratings

About the author

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David Halberstam
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David Halberstam, a Pulitzer Prize-winning journalist, has chronicled the social, political, and athletic life of America in such bestselling books as The Fifties, The Best and the Brightest, and The Amateurs. He lives in New York.

Photo by William H. Mortimer (ebay.com, front of photo, back of photo) [Public domain], via Wikimedia Commons.

Customer reviews

4.6 out of 5 stars
883 global ratings

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Customers say

Customers find the book engaging and well-written. They appreciate the thorough research and detailed information about the auto industry. The book provides a factual history of the automotive industry, focusing on Ford and Nissan. Readers find the storytelling style compelling and entertaining, chronicling the events of the auto industry's downfall.

AI-generated from the text of customer reviews

89 customers mention "Readability"84 positive5 negative

Customers find the book engaging and accessible. They say it's well-researched and well-written, reducing complex subjects to understandable prose. Readers appreciate the author's work dealing with the rivalries of the Japanese growth.

"...Loaded with very fast-paced but insightful history lessons ranging across the major events of the auto industry, from Henry Ford to the discovery of..." Read more

"...He reduces complex subjects to understandable prose. Great at pointing out the broad scope of issues." Read more

"...He accomplishes some of that and is very interesting reading but gets bogged down in repetitive details and seems to have a vendetta against Ford...." Read more

"...was is explained in detail in the book, it makes fascinating and saddening reading. I grew up in the '50s and '60s...." Read more

62 customers mention "Information quality"62 positive0 negative

Customers find the book informative and well-researched. They appreciate the author's insight into the Japanese auto industry, providing a detailed history of the factors that led to its downturn. The book provides an in-depth analysis of the decline of the automobile industry. Readers find it educational and relevant today.

"...Loaded with very fast-paced but insightful history lessons ranging across the major events of the auto industry, from Henry Ford to the discovery of..." Read more

"as usual Halberstam is invariably insightful and well researched. He reduces complex subjects to understandable prose...." Read more

"Very detailed history of Ford and Nissan from 1900 into the 1980's...." Read more

"...He has the ability to present hard facts while presenting a personal story through letters and other historic materials...." Read more

45 customers mention "History"40 positive5 negative

Customers find the book a good history of the automotive industry. They appreciate the details about Ford and Japanese car industries. The book provides an overview of how US industry lost its luster. It is considered the definitive book on the rise of Japanese auto making and the fall of the Big 3 in the 1970s.

"A masterclass in corporate politics. A masterclass in coping with founders. A masterclass in navigating the minefields of executive egos...." Read more

"...The author has it right with his historical differences between union and corporate policies in American and Japanese auto industries, along with..." Read more

"This is a history of the automobile industry from about 1890 to 1998, as seen thru the eyes of Ford and Nissan...." Read more

"Classic David Halberstam! He has written a number of brilliant books about 20th century history eg "The Best and The Brightest"...." Read more

27 customers mention "Storytelling style"27 positive0 negative

Customers find the book's storytelling style compelling and interesting. They appreciate the detailed account of the history and inner workings of the fall of American auto makers. The biography within the story is described as thorough and intense. Readers mention that the background information is integrated easily into the story.

"...There were also some repetitious sections. Overall extremely interesting and very insightful with practical application to current industrial trends." Read more

"There are times when this book is very interesting and even difficult to put down...." Read more

"...He told me it was so political, he had to get out. This story of the company is entertaining, and it's a miracle it still survived the time this..." Read more

"...Long, but filled with compelling stories and corporate politics." Read more

Envious of those who can summarize this book in a few sentences; not I.
5 out of 5 stars
Envious of those who can summarize this book in a few sentences; not I.
This is a really good book, in spite of its 734 pages. Non-fiction, an in-depth look at the American auto industry from its early days to the mid-1980s as it weathered the storms of oil and gas price crises in the early 70s and again in the early 80s. Halberstam covers how the big American car giants took no heed of the early warnings to make smaller, more gas-efficient autos, warnings about the cars made in Japan and their popularity. America's long enjoyed affluence was about to experience some rough times.Good chapters about Henry Ford and his genius for all things mechanical - a man perfect for the times, but in his old age was still stuck in those times, unable to move forward into the future.I'm old enough to remember the large cars (black, of course) in the 40s, then the big American gas guzzlers, colorful and comfortable, and I clearly remember the gas lines in the 70s when we waited in long lines to fill our tanks. We were restricted to odd or even days, depending on our car license plate number. Then again in the 80s when the price of gas plummeted, smaller oil companies went out of business, and larger oil & gas companies laid off hundreds, then thousands of workers, trickling down to other businesses such as real estate. When you lose your job and no one is hiring say goodbye to the mortgage. No one to sell it to either.Halberstam mentions throughout that the "economic utopia" that America thought it had reached in the 1950s could not last...thus "the culture of adversity" to come.For non-fiction, it reads like a very interesting novel, with ongoing characters all moving along a timeline - a timeline of the invention and improvement of automobiles, comparing the "cars" development in Japan with Nisson and in the U.S. with Ford (both were the number two automakers in their respective countries). With the fall of the Shah of Iran and the OPEC oil embargoes in the late 79s and 1980s, all of the American industrial complex was vulnerable to industrious, disciplined Japan. The sudden rise in the price of oil caused shortages and panic in most of the world, especially those countries that were not oil producers, such as Japan. This caused those countries which manufactured cars to move toward smaller, more efficient cars. But not so much in the US where the big car mentality still reigned. It took many years and many mistakes for the Detroit auto industry to finally give in, but not until Japan, Korea, and Germany were making headway selling their cars (Toyota, Nissan, Honda, Hyundai, Volkswagon) in America. This did not happen overnight.Only SOME of the blame goes to the manufacturing/design side though. The money people, the Finance people who had to approve the expenditure for better cars did not want to spend it. Being on the financial side, their natural tendency was to save the company money. So the two sides were constantly having internal struggles. and most of the time Finance won. I was surprised at what a strong influence the Financial departments had on what cars got produced and what didn't.The US auto industry had to be dragged into the new century, finally providing good gas mileage, better-made cars that lasted longer than 3 or 4 years and service facilities for cars that needed some repair work, as well as warranties - none of which were provided until foreign car competition arrived. This book was published in 1986. Since then we have seen improvements in vehicle safety regulations that have saved lives. We have seen efforts at improving quality. We have seen some new cars that worked and some that didn't. There have been factory closings, permanent layoffs, families uprooted. Detroit is not the big automobile industry town it once was.Competition is actually a good thing. It's what keeps things moving forward, getting better. Without it, you have nations like Russia, stagnant in many areas. Making cars was not something Japan planned to do. Trucks were what Japan made for their farmers and workers. Few people even had cars; most used public transportation. The author points out that, in the beginning, Nissan was very reluctant to try to sell their cars in America. They were only interested in staying within their own locale. It took several years and small steps before they felt confident to even try.The big picture of the whole book is that between 1945 and 1975, Japan was pulling itself out of dire circumstances, having no food or resources to waste, having to rebuild and train workers. And between 1945 and 1975, America got too rich for its own good and squandered those riches, developed wasteful habits, and did not see what was coming.
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Top reviews from the United States

  • Reviewed in the United States on December 7, 2023
    A masterclass in corporate politics. A masterclass in coping with founders. A masterclass in navigating the minefields of executive egos. Loaded with very fast-paced but insightful history lessons ranging across the major events of the auto industry, from Henry Ford to the discovery of oil in Texas to the WWII post-war reconstruction of Japan. Delves deep into understanding the inner emotions of everyone from assembly line workers in Japan and Detroit up to Henry Ford, Henry Ford II and Lee Iacocca.
    6 people found this helpful
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  • Reviewed in the United States on May 19, 2024
    as usual Halberstam is invariably insightful and well researched. He reduces complex subjects to understandable prose. Great at pointing out the broad scope of issues.
  • Reviewed in the United States on September 14, 2017
    Very detailed history of Ford and Nissan from 1900 into the 1980's. The author has it right with his historical differences between union and corporate policies in American and Japanese auto industries, along with cultural differences between the two countries. Probably the most interesting is the union histories in the two countries and oil price manipulation from Middle East and resultant chaos. He attempts to make sense of the reasons that Japanese cars overtook American cars in quality, reliability and value when Ford and GM had such a massive head start. He accomplishes some of that and is very interesting reading but gets bogged down in repetitive details and seems to have a vendetta against Ford. Or, maybe Ford's management was more interesting because of personality quirks, unlike the others. GM, Chrysler, and Japanese management had huge problems, but Ford's were unique because the family had such leverage. Ford had a huge lead against GM also and Henry blew that all by himself. Still, GM and Chrysler management failures played a big part in the automotive disasters of the 70's and 80's, along with union complicity.

    This book is dated, much has changed since the 1980's, it needs to be updated, much can be deleted or better analyzed.
    31 people found this helpful
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  • Reviewed in the United States on July 21, 2017
    The epilogue, which Halberstam didn't live to write, is that America's auto companies are now mostly subsidiaries or partners of Asian and/or European automakers. When they had a world monopoly on auto production in the 1940s-1960 they squandered time by starving development and innovation, preferring to milk existing factories, produce large, profitable and shoddy cars and banked the profits. The automakers were willing to give the unions above market wages to buy labor peace.

    Japan, on the other hand built an entire industry from scratch, with both labor and management willing to sacrifice in the present to assure the future. They also sought lessons from American experts (ignored by American management) on quality and production.
    How difficult the job was is explained in detail in the book, it makes fascinating and saddening reading.

    I grew up in the '50s and '60s. I remember when Volkswagen burst on the scene with the Beetle, an inexpensive and well built small car. In contrast to the American offerings (huge boats on wheels with a ride like sitting on a couch), the new foreign cars were fun to drive and most importantly, mostly well built. That was the last opportunity for American manufacturers to wise up and build better cars. Instead they pursued government trade restrictions, government subsides and protectionism to suck more money from aging facilities and processes.

    Robert McNamara at Ford, who later became US Secretary of Defense under Lyndon Johnson, epitomizes the bean counters who drove the industry into the ground. He is most well known for insisting on the Vietnam Wars body count measure as a proxy for winning the war. That didn't turn out so well.

    This lesson is not unique to the auto industry. Similar books could be written about the steel industry, the shipping industry, and many others. You snooze you lose.
    73 people found this helpful
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  • Reviewed in the United States on June 30, 2014
    This is a history of the automobile industry from about 1890 to 1998, as seen thru the eyes of Ford and Nissan. While missing some key elements, notoriously the young Henry Ford's winning of a much-watched match race and his classic invalidation of a stranglehold patent in federal court, the book is gripping.

    Until I read this book, I did not know that the US GDP during the 1950s consisted about 20% of motor vehicles, and that the fact the US had "too many dealerships" forced dealers to compete with one another by sponsoring broadcast and print advertisement and by local charitable gifting, thus paving the way for the Golden Age of local journalism and local civic infrastructure! That is one of the many powerful themes from this great book.

    I sincerely wish it had covered GM and Chrysler in the US and Toyota and Honda in Japan, but the book is practically a doorstop the way it is, at about 900 pages. Better to do fewer things well.

    A must-read...
    2 people found this helpful
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  • Reviewed in the United States on August 25, 2013
    I found out more about the how and why of not only the auto industry, but also, the whys of the government policies that have developed in my lifetime. From corporate to wars, I came away with a more complete understanding of "policy". It was also very interesting to read about the real people involved in Hiroshima and how they coped. Before this book, I, like most Americans, believed that the "bomb" caused total devastation. They connections between Ford Motor Company and the rest of the world and the US is fascinating. I would highly recommend hunting down a copy of this book. I have shared it with several people. It is sort of slow reading, but it makes you WANT to keep going. They have all given it a high rating.
    The first time I owned this book, I read it and passed it on. I found myself citing facts, figures and examples from it so often, I searched until I found a copy and immediately ordered it to keep in my library.
    I have found Halberstam to be a very interesting writer. He has the ability to present hard facts while presenting a personal story through letters and other historic materials. Read him and you will not be disappointed.
    7 people found this helpful
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Top reviews from other countries

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  • Leandro Santana de Oliveira
    5.0 out of 5 stars Uma viagem no tempo pela indústria automobilística
    Reviewed in Brazil on January 11, 2024
    David Halberstam foi um jornalista multifacetado. No início de sua carreira, ficou famoso pela cobertura da Guerra do Vietnã, depois migrou para a cobertura do mundo corporativo e cultura americana, finalmente aderindo ao jornalismo esportivo. Já havia lido um livro seu sobre a Guerra da Coreia e pretendo ler outros, pois gostei muito das suas obras.

    The Reckoning é uma viagem no tempo pela indústria automobilística. Inicia com Henry Ford, nos primórdios do século XX, passa pela consolidação das gigantes americanas (GM, Ford e Chrysler), descrevendo o renascimento da indústria japonesa no pós-guerra, os choques do petróleo e, por fim, o domínio dos japoneses em terras americanas.

    O livro foi escrito na década de 1980, então não contemplou a ascensão da Toyota como maior montadora do mundo, tampouco a derrocada da GM e da Chrysler, que precisaram ser estatizadas durante a crise financeira de 2008 para não irem à falência.

    É um livro longo e cheio de referências, mas muito legal para quem estuda história econômica e corporativa. A partir dele tirei muitos insights para minhas aulas.
  • Atropos
    5.0 out of 5 stars Devastatingly True!
    Reviewed in Canada on November 1, 2021
    A very insightful account of a large company. Too much of this account was true. I worked in larger companies run by accountants and financiers who despised the engineers, workers and sales personnel who actually designed, made and sold their products.
  • Pinakin
    5.0 out of 5 stars Well researched book, read about Ford and Nissan
    Reviewed in India on December 16, 2018
    An outstanding book for those who are interested in knowing the history of two fierce competitors in global auto industry: Ford and Nissan. Starting "Maxwell's Warning" captivates...
  • Kindleユーザー
    5.0 out of 5 stars 成功したが故に没落する
    Reviewed in Japan on January 31, 2024
    Fordがなぜ成功し、なぜ没落したか克明に描かれている。
    後のGMと日産の没落については述べられていないが、ここに書かれていることでほとんど説明できる。
    第一次世界大戦後から1980年代に至る日米の産業史料としても価値がある。
    特に、戦後日本の労働運動については客観的で的確である。
    日本では、全共闘世代が死滅するまで書けない切り込み方だと思います。
    長編ですが、一気に読んでしまいました。
  • Jerry Y H Lee
    5.0 out of 5 stars worthy read
    Reviewed in the United Kingdom on June 6, 2016
    He is as always a fantastic writer, with in depth research. Tells the story where you relate to the characters involved, and see this piece of history as the result of many individual human actions