Imported Automobiles in the United States: Their Rising Market Share and the Macroeconomic Impact of a Proposed Import Restriction

Description:

After two generations of almost unchallenged supremacy, the U.S. auto
industry has recently faced plummeting sales, rising competition from imports,
and mounting requirements for capital investment and structural change. This
has resulted in massive spilling of red ink in the industry's profit and
loss columns, further financial pressures on the ailing Chrysler Corporation,
layoffs of nearly 250,000 workers (as of August 4, 1980 in the automotive
industry alone according to the United Auto Workers Union) and soaring claims
for unemployment compensation and trade adjustment assistance. This study focuses on import competition in the auto industry and the
economic impact of proposals to limit such competition through either import
quotas or agreements with foreign governments (Japan) to restrict automotive
exports to the United States.

Creator(s):
Location(s): United States
Creation Date: September 15, 1980
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Author):
Nanto, Dick K

Analyst in International Trade & Finance

Creator (Author):
Elwell, Craig

Analyst in Econometrics

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: September 15, 1980
Coverage:
Place
United States
Description:

After two generations of almost unchallenged supremacy, the U.S. auto
industry has recently faced plummeting sales, rising competition from imports,
and mounting requirements for capital investment and structural change. This
has resulted in massive spilling of red ink in the industry's profit and
loss columns, further financial pressures on the ailing Chrysler Corporation,
layoffs of nearly 250,000 workers (as of August 4, 1980 in the automotive
industry alone according to the United Auto Workers Union) and soaring claims
for unemployment compensation and trade adjustment assistance. This study focuses on import competition in the auto industry and the
economic impact of proposals to limit such competition through either import
quotas or agreements with foreign governments (Japan) to restrict automotive
exports to the United States.

Physical Description:

62 Pages.

Language(s):
Subject(s):
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
Resource Type: Report
Format: Text