Detroit Automakers Are Driving in Different Directions Toward the Tech-Filled Future ""

By | December 21, 2017

Detroit Automakers Are Driving in Different Directions Toward the Tech-Filled Future

The 20th century dominance of American car companies, thanks to corporate oligopoly and labor monopoly, started eroding with the Japanese invasion of the 1970s and 1980s. In this century, they have careened from vestigial dominance to historic bankruptcy (Ford alone escaped) to remarkable recovery and—recently—to frustration and humiliation at the hands of a Silicon Valley upstart. For much of 2017, investors valued Tesla higher than General Motors, Ford, and Fiat Chrysler Automobiles even though, in 2016, GM sold more cars every three days than Tesla sold all year. READ MORE ››

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