The headline this morning from Automotive News is hardly surprising, but it is another reminder of how the U.S. Auto industry has changed dramatically in recent years.
The latest data shows Japan surpassed the U.S. last year to become the world's #1 vehicle producer. It's the first time in 12 years Japan has outpaced the U.S. Not only that, but the Asian country is on track this year to expand its lead.
I can see the e-mails already from those of you who think I'm writing this to bash the Big 3 and the struggles they have and are facing--while cutting more than 80,000 blue collar jobs. Sorry folks, I'm not bashing Detroit. I'm simply stating the facts that should make Americans wake up and realize we are in a global economy, where cost wise it's cheaper for companies (including the Japanese at home) to build vehicles outside the states.
Read Article