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Decline In The American Automobile Industry. The American automobile industry
has continued to see a consistent downfall in sales. ...
... The experience of the US automobile industry is a case ... be some firms on the decline
as others ... prosperity, of maintaining and improving American living standards ...
... lathes, which are sold in the automobile industry for use ... technology is because of
a decline in their ... During the late 1970s, the American automotive industry ...
... will focus specifically on the automobile industry and its ... Economic Analysis The
American economy is entering 1998 ... for '98 only a moderate decline from 1997's ...
... The decline was a result of many independent and ... as opposed to the former types
(American Labor, 1998). ... lose their jobs in the automobile industry, for example ...
Submitted by jdmango22 on May 8, 2008
Category: Social Issues
Words: 350 | Pages: 2
Views: 127
Popularity Rank: 78,047
Average Member Grade: N/A (Add a Comment / Grade this Paper)
The American automobile industry has continued to see a consistent downfall in sales. Recently making up about one quarter of the nation’s economy, the decline in the industry has proved to be a major issue in the United States. Ford is still reeling, after a crisis that saw its chief executive dumped and the young great-grandson of Henry Ford take the wheel. Ford's profits were $7.2 billion in 1999; by 2001 it was losing $5.4 billion. GM has picked up some momentum, gaining market share, but mainly by discounting. GM started a price war to keep sales going after September 11th 2001, when car showrooms emptied of people. The trouble is, as its chief executive, Rick Wagoner, admitted earlier this year, discounts soon stop being effective sales boosters and suck down profitability. Japanese, South Korean, and German models account for half of car sales in America today. Detroit, Michigan is a major Mecca for the three major American car companies. Car sales are still at historically high levels; it is just that Detroit's share of these sales has slumped. But there is more to Detroit's weakness. The big three manufacturers have to deal with the powerful United Auto Workers Union, which has won its members great benefits, while employers are loaded with pension and health-care costs that top $1,200 per vehicle. This problem is where foreign car companies come in and have appeased some of the economic conflict. There is a competition gap that separates foreign manufacturers and U.S. car manufacturers in America.
This essay will begin with a brief history about the dawn of Ford’s major economy explosion, as he not only created a luxury transportation item, but millions of jobs for America in the factories in the 20th century. Next, the essay will explore how foreign car companies like Toyota and other Asian manufacturers have created a way to generate half of the car sales in America. Finally, whether imported or made in the seventeen car factories that...
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