1. Auto Industry
The American Congress, upset with the greed of the oil companies who wanted to charge world prices for their products, had placed a cap on the wellhead price of domestic crude oil. ... Unfortunately, the domestic companies had not possessed the capital or the engineering flexibility to change rapidly to what was the new buying public had wanted. ... Thus, by the second great oil shock of 1979, Toyota, Honda and Datsun (later Nissan) and Subaru were in the right place at the right time with the right product. ... Beginning with Honda's Marysville, Ohio, plant in 1982, Japanese makers re...
- Word Count: 1148
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School