Will The US Regain It's Dominance In Car Manufacturing?

http://mimbari.livejournal.com/

January 08-2010:

Will The US Regain It's Dominance In Car Manufacturing?

I say to that question NO. For the following reasons:

The US car manufacturing giants allowed themselves to continue making Large Gas Guzzling vehicles for too long.

Even when they were seeing a shift in preference for the Japanese models, that were cheaper, faster, swankier, used less gasoline, and was more affordable.

Yet, they continued to make those Gas Guzzlers, with minor changes in model designs and cost.

So when the Global recession hit the stage, potential buyers held their purses and wallets, because many were losing their homes due to the inability to pay their mortgages on time, or pay the increasing interests on those mortgages.

Coupled with major Job Losses nationally, causing most to work less hours, or for less wages.

This was the demise of the US car industry. And you may also be aware of General Motor's slide towards bankruptcy, and the others that the state rescued from also falling into bankruptcy.

America's car manufacturing heritage and global leadership is no longer, and may never be reclaimed in the near future!

Derryck.
NYC.