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October 16, 1992 |
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U.S. Auto Industry
By Mary H. Cooper
The global economic slump has hit U.S. automakers hard. Fearful about their jobs, many American consumers are in no mood to buy even a utilitarian family car, much less a luxury model that can run $40,000. Consumers in Europe and Japan are also steering clear of auto dealerships. But there are a few bright spots in this otherwise dismal picture. The Big Three U.S. automakers have made big improvements,. . . .
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International Union, United Automobile, Aerospace and Agricultural Implement Workers of America From summary of testimony before the House Ways and Means Subcommittee on Trade, Sept. 22, 1992
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Sept. 8, 1992.
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Lingering economic stagnation has put a damper on U.S. auto sales of foreign and domestic cars. Among U.S. carmakers, Ford has made the strongest gains in closing the gap with Japanese producers. Totals: Total U.S. nameplate: 66% Total Japanese nameplate: 30% Total European nameplate: 4% U.S. Companies: Jan.-Aug. Jan.-Aug.
1991 1992 General Motors: 36.0% 35.7% Ford: 20.0 21.1 Chrysler 8.2 7.8 Toyota: 8.9 9.3 Honda: 9.8 9.3 Nissan: 5.0 4.9 Mazda: 2.9 3.1 Mitsubishi: 2.0 1.9 Hyundai: 1.5 1.3 Subaru: 1.3 1.3 Suzuki: 0.1 0.1 Other Import: 4.4 4.2 Source: The Wall Street Journal, Sept. 4, 1992.
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Document Citation Cooper, M. H. (1992, October 16). U.S. auto industry. CQ Researcher, 2, 881-904. Retrieved from http://library.cqpress.com/cqresearcher/
Document ID: cqresrre1992101600
Document URL: http://library.cqpress.com/cqresearcher/cqresrre1992101600
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