The downfall of Detroit
The downfall of Detroit
"U.S. automakers seen losing market share amid growth" --Automotive News 01/28/12

The Detroit Three have been losing market share in a rising market since Volkswagen launched the import invasion back in the Eisenhower administration. The new angle this time is that Toyota and Honda will be able to resume full production in 2012 unhindered by earthquakes, tsunamis, or floods. But since imports have been making gains for more than half a century, this hardly qualifies as new news.

By Alex Taylor III, senior editor-at-large @FortuneMagazine - Last updated February 16 2012: 9:48 AM ET
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