HISTORY 🚗 U.S. Automotive Industry (Automobiles Documentary)((ENGINEERING AMERICAN CARS & TRUCKS))

ByHOT ROD 100

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HISTORY 🚗 U.S. Automotive Industry (Automobiles Documentary)((ENGINEERING AMERICAN CARS & TRUCKS))
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ℹ️ GENERAL INFO ℹ️
The motor vehicle industry began with hundreds of manufacturers, but by the end of the 1920s it was dominated by three large companies: General Motors, Ford, and Chrysler. After the Great Depression and World War II, these companies continued to prosper, and the U.S. produced nearly three quarters of all automobiles in the world by 1950 (8,005,859 of 10,577,426). Beginning in the 1970s, a combination of high oil prices and increased competition from foreign auto manufacturers severely affected the companies. In the ensuing years, the companies periodically bounced back, but by 2008 the industry was in turmoil due to the aforementioned crisis. As a result, General Motors and Chrysler filed for bankruptcy reorganization and were bailed out with loans and investments from the federal government. But according to Autodata Corp, June 2014 seasonally adjusted annualized sales is the biggest in history with 16.98 million vehicles and toppled previous record in July 2006.

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By HOT ROD 100

Automobiles

HISTORY 🚗 U.S. Automotive Industry (Automobiles Documentary)((ENGINEERING AMERICAN CARS & TRUCKS))

ByHOT ROD 100

By HOT ROD 100

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