The American Camry.

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  • Author(s): KING, WELLS (AUTHOR); VAUGHN, DAN JR. (AUTHOR)
  • Source:
    National Review. 10/17/2022, Vol. 74 Issue 19, p31-33. 3p. 1 Graph.
  • Additional Information
    • Subject Terms:
      INTERNATIONAL competition; TASK forces; CAPITALISM; IRANIAN Revolution, 1979; FOREIGN investments; DESPAIR
    • Abstract:
      The Japanese auto industry, insulated from foreign competition and subsidized by the state, should have been a catastrophic failure; America's open market should have fostered firms that were more resilient and responsive to consumer demand and competition. The UAW urged Japanese automakers to build assembly plants in the United States and hire American workers, but the requests were flatly denied. The quota set no limit on the number of vehicles Japanese automakers could sell in America, only on how many they could import into the country; cars built in the U.S. were exempt. By 1991, Japanese automakers had built not only eight auto-assembly plants, but also more than 300 other production facilities that employed over 100,000 American workers and represented over $25 billion in capital investment (in 2022 dollars). [Extracted from the article]
    • Abstract:
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