Once a global leader, the American car industry now faces major challenges.
Image source: Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons
High production costs and lost competitive edge shook the US auto market.
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Rising wages made US car production expensive compared to global rivals.
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US car makers outsourced parts production to cut costs.
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America lagged in key car technologies like batteries and EV systems.
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Countries like China and Germany took the lead in EV technology.
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Bringing back car production needed more than slogans and trade wars.
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International supply chains now control car production costs.
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Innovation and cost control hold the key to revival.
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US automakers must invest in battery technology and green energy.
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Adaptation, innovation, and cost control are vital for survival.
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The global car industry rewards those who innovate and evolve.
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Image source: Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons