Strengths a) The US automobile industry includes the largest automakers in the world: General Motors Company as the largest and Ford Motor Company as the second largest (Davis, Kim, King, Larson, Redmond & Schick, 2008). Other than having the world’s largest industry players, the US automobile industry also has the world’s pioneering automobile companies. This undoubtedly gives the industry in US an edge over the same industry of other countries in terms of world market leadership and model designs. b) Being among the battered industries, the US automobile industry has been rescued by the government with its bailout package.
This move serves to show the government support that the industry enjoys as well as the industry’s material role in the country’s economy. Indeed, the US automobile industry has….