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 …
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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.
This report is part of the following collection of related materials.
Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.
Nanto, Dick K. & Elwell, Craig.Imported Automobiles in the United States: Their Rising Market Share and the Macroeconomic Impact of a Proposed Import Restriction,
report,
September 15, 1980;
Washington D.C..
(https://digital.library.unt.edu/ark:/67531/metacrs8147/:
accessed March 29, 2024),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT Libraries Government Documents Department.