: Car wars



HotRodSaint
06-12-05, 03:56 PM
What matters to the overall economy, however, is the production and sales of U.S.-manufactured vehicles and parts, regardless of the apparent nationality of the brand name. (http://www.washtimes.com/commentary/20050611-112051-7081r.htm)

According to the Monthly Labor Review of February 2004, U.S. motor vehicle output rose 3.6 percent a year from 1992 to 2002; production of parts rose 5 percent a year. Those figures include the 2001 recession, after which real GDP of the motor vehicles and parts industry rebounded by 15 percent in 2002 and 8.9 percent in 2003, according to the latest Survey of Current Business. In first-quarter 2005, real GDP of the motor vehicle industry was up 5.8 percent from a year earlier.

The problems of General Motors are not those of the U.S. vehicle industry. The United States remains a uniquely outstanding place to build cars and trucks, which is why Toyota, Nissan, Honda, Hyundai, BMW and Mercedes-Benz have invested heavily in U.S. factories.

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The most promising markets are overseas, the competition is global, and the "Big Nine" are GM, Toyota, Ford, VW, Daimler-Chrysler, Peugeot-Citroen, Hyundai, Nissan and Honda. All but two are U.S. producers. When it comes to producing cars, truck and parts, the United States is sitting in the driver's seat.