1. Auto Industry
... of American citizens. This obviously caught U.S. automakers off guard. They had forgotten that there was no Divine Right of Businessmen. Japan had learned how to exploit a weakness in the American auto industry, and like sharks, they smelled blood and went for the kill. In due course, America had learned from its own mistakes. American companies had a new strategy; they almost immediately ... efforts of Japanese central bankers to keep their own currency weak. With that, change went much of the profit margin of the Japanese firms. In May 1981, with the American auto industry mired in re...
- Word Count: 1148
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School