Free-market proponents have a point about the industry's 'natural demise'.
Despite huge progress in American quality and design, well-run German, Japanese, and Korean companies have taken about half the US market, and the competition--which will include China and India - is only getting tougher.
GOP to Detroit: Drop dead
But like many others, we believe that for the sake of jobs, national defense, and self-respect, America needs to keep its 'true' domestic auto industry alive.
Image: Former CEO of General Electric Jack Welch and his wife Suzy attend the relaunch of BusinessWeek magazine in New York City. | Photograph: Brad Barket/Getty Images
Also read: The top 10 country brands
Powered by 
| Live updates on money.rediff.com |
|
Advertisement
