The Big Three auto companies certainly deserve blame for some bad management and production decisions. But what many critics and politicians haven’t acknowledged is that the current crisis is much bigger than Detroit and is not primarily a referendum on the quality of American-made automobiles.
Sales of foreign cars are down dramatically, too. For example, Toyota sales dropped 34 percent last month, and it expects to have its first operating loss in 70 years. Canada and Europe are approving multi-billion dollar aid packages for auto manufacturing companies in their countries.
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