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 ... continued below

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62 Pages.

Creation Information

Nanto, Dick K. & Elwell, Craig September 15, 1980.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 92 times . More information about this report can be viewed below.

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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.

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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-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • September 15, 1980

Added to The UNT Digital Library

  • Feb. 24, 2006, 11:14 a.m.

Description Last Updated

  • Feb. 14, 2017, 4:40 p.m.

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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.. (digital.library.unt.edu/ark:/67531/metacrs8147/: accessed July 25, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.