Automotive industry in the United States | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-02

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Automotive_industry_in_the_United_States


00:03:06 1 Development history
00:03:16 1.1 Production
00:05:28 1.2 American road system
00:06:18 1.2.1 State involvement
00:07:29 1.2.2 Federal involvement
00:08:10 2 International trade
00:08:20 3 The Big Three automakers
00:15:13 4 Great Depression and World War II
00:18:37 5 Unionization of the auto manufacturers workforce
00:19:52 6 Decline of the independent automakers
00:22:38 7 Post-war years
00:25:00 8 1960s
00:29:00 9 Federal regulation of the auto industry
00:31:20 10 1970s
00:36:14 11 1980s
00:41:21 12 1990s
00:46:16 13 2000s
00:52:06 14 2010s
00:53:25 15 See also



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SUMMARY
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The automotive industry in the United States began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world.  However, the United States was overtaken as the largest automobile producer by Japan in the 1980s, and subsequently by China in 2008. The U.S. is currently second among the largest manufacturer in the world by volume, with approximately 8-10 million manufactured annually. Notable exceptions were 5.7 million automobiles manufactured in 2009 (due to crisis), and peak production levels of 13-15 million units during the 1970s and early 2000s.The motor vehicle industry began with hundreds of manufacturers, but by the end of the 1920s it was dominated by three large companies: General Motors, Ford, and Chrysler, all based in Metro Detroit. After the Great Depression and World War II, these companies continued to prosper, and the U.S. produced nearly three quarters of all automobiles in the world by 1950 (8,005,859 of 10,577,426).  
Beginning in the 1970s, a combination of high oil prices and increased competition from foreign auto manufacturers severely affected the companies. In the ensuing years, the companies periodically bounced back, but by 2008 the industry was in turmoil due to the aforementioned crisis. As a result, General Motors and Chrysler filed for bankruptcy reorganization and were bailed out with loans and investments from the federal government. But according to Autodata Corp, June 2014 seasonally adjusted annualized sales is the biggest in history with 16.98 million vehicles and toppled previous record in July 2006.Prior to the 1980s, most manufacturing facilities were owned by the Big Three (GM, Ford, Chrysler) and AMC. Their U.S. market share has dropped steadily as numerous foreign-owned car companies have built factories in the U.S.
Toyota had 31,000 direct employees in the U.S. in 2012, meaning a total payroll of about $2.1 billion, compared to Ford's 80,000 U.S. employees supplying their 3,300 dealerships and Chrysler's 71,100 U.S. employees supplying their 2,328 dealerships.