This morning, (16th Nov 2008) New York Times carried a feature, by Louis Uchitelle. It says…
“ The failure of one or more of Detroit’s Big Three automakers would put a huge initial dent in American manufacturing, but in time foreign car companies would pick up the slack by stepping up production in their plants here, many industry experts and economists say.”
It this another signal for major change in the US System?
The Auto Industry has indeed a history of greatness and has been a lynch pin in the history of US Industrial Development. It is an American heritage. However it is one that one longer propel the nation as a global force. And it is, undeniably and inevitably a global world.
In my last post, I mentioned that Americans, having won the cause of democracy and free enterprise, must now share in the evolution of a new global democracy and free enterprise system .
The American car industry may have to go the same way.
Even if Detroit goes, American industries will continue to contribute to the world motor industry, not in the fabrication process, but in the cutting edge of creating technologies and solutions for a more efficient personal mobility.
