The automotive industry is one of the biggest sectors of the American economy, and one of the largest sources of jobs among all U.S. manufacturers. They felt that Chrysler would go bankrupt even with a bailout, and that Ford didn’t really need it. The main impact from the bailout was to save jobs at GM. But the recession caused GM to slash its employment and production, despite the bailout. By 1980, however, the eastern European motor industry had stagnated and during the 1980s severe economic and political turmoil caused halting growth in the Latin American automotive sectors. By 1920, the automobile industry was shaking down to a small number of competitors.
Automotive suppliers have been gaining global importance in the automotive industry, taking on the primary responsibility for product development, engineering, and manufacturing for some critical systems in the automobile. From A like alternator to Z like Z-axle, automotive suppliers …
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