Commentary In the 1950s and 1960s, Detroit auto makers dominated the global automotive market. They thought they owned that part of the universe, and they almost did. In 1962, General Motors, by itself, had 51% of the U.S. market. With strong operations overseas and imports accounting for only a few points of market share at home, GM, Ford and Chrysler figured they would be in control forever. But they ignored the fact the rest of the world's major industrial countries had been ...
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