what are the automobile industries comentated in Nort
astern USA?
Answers
Answer:
what are the automobile industries comentated in Nort
astern USA?
Explanation:
The automotive industry in the United States began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. However, the United States was overtaken by Japan as the largest automobile producer in the 1980s, and subsequently by China in 2008. The U.S. is currently second among the largest manufacturer(s) in the world by volume.
Answer:
The automotive industry in the United States began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. However, the United States was overtaken by Japan as the largest automobile producer in the 1980s, and subsequently by China in 2008. The U.S. is currently second among the largest manufacturer(s) in the world by volume.Beginning in the 1970s, a combination of high oil prices and increased competition from foreign auto manufacturers severely affected the companies. In the ensuing years, the companies periodically bounced back, but by 2008 the industry was in turmoil due to the aforementioned crisis. As a result, General Motors and Chrysler filed for bankruptcy reorganization and were bailed out with loans and investments from the federal government. But according to Autodata Corp, June 2014 seasonally adjusted annualized sales is the biggest in history with 16.98 million vehicles and toppled previous record in July 2006.[5]