The Coming Chinese Car Invasion of the USA?

In 1970 General Motors sold 39% of new cars in the US, Ford 28%, and Chrysler 15%; the US “big three” sold 8 out of 10 new cars. At the same time Japanese cars were seen as a joke by the executives of those companies, who could not envisage Japanese car manufactures as a threat. Toyota had a 2% market share, Nissan 1.5%, and Honda 0.04%; the Japanese bi…