Originally published in The Japan Times, February 4, 2006. Used with permission of Michael R. Czinkota and The Japan Times.
U.S. automakers are in dire straits. While non-U.S. brands are gaining market share, both GM and Ford have announced major plant closings and substantial layoffs. For some, these announcements have raised the specter of a return to the policies of the 1980s, when the United States imposed “voluntary” export restraints on Japanese importers. But new conditions faced by today’s producers, consumers, markets and politicians should prevent us from re-using tools that were not even successful a generation ...
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