US
manufacturers failed to prevent the over-taxation and over-regulation that
would lead to the loss of US jobs to foreign countries.
GM, Ford
and Chrysler management failed to provide fuel efficient cars in the 1970s when
their cars got 10 mpg and gasoline prices doubled from 50 cents per gallon to
$1,00 per gallon. Foreign cars from Japan, Britain and Germany got 30 mpg and
they took over the US car market in the 1980s.
The 2000
Cadillac Sedan Deville got 20 mpg and Toyota in Japan introduced the Prius
Hybrid that got 60 mpg. In 2005, I traded both Cadillacs in on 2 improved
design Prius Hybrids.
In the
2000s auto companies over-invested in adding expensive, unnecessary electronic
gadgets and doubled the price of cars, but some cars tripled their life-span.
In 2014,
Fiat in Italy bought Chrysler putting the exclamation point on the failure of
the US Auto Companies to design cars US consumers would buy.
US
companies failed to protect and retain their intellectual property. Instead,
they off-shored US manufacturing and decimated the US economy.
Norb
Leahy, Dunwoody GA Tea Party Leader
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