Just like clockwork. The U.S. new car and truck market softens, Big Three profits decline – or disappear altogether – and up goes the political pressure against Asian imports. Count on it. This year is proving no exception. It began in January, when General Motors Chief Economist Mustafa Mohaterem warned automotive analysts gathered in Detroit of the latest currency-led threat from Japan. And it hit a crescendo at February’s Chicago Auto Show, when other U.S. car makers joined the ...

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