AUTOS AND ECONOMICS

Government concern over the auto industry's performance is examined in light of the economic situation. When auto manufacturers are in a slump, steel and rubber companies also experience economic difficulties. National and international developments affecting the auto industry and other manufacturing operations include energy availability and the significantly increasing price of oil, political instability in oil-rich parts of the world, foreign car competition, and employment trends. An emerging international economy is emphasizing productivity, innovation, and exports; statistics reflect this trend. The changing economic climate means a difficult transition period for the U.S. auto industry. It is estimated that major auto manufacturers will spend about $75 billion between 1980 and 1985 to make the fuel-efficient cars demanded by consumers. Car design changes will affect other industries; e.g., an estimated 160,000 jobs in steel and ferrous casting industries depend on the auto industry. The Department of Transportation is involved in resolving economic problems and developing appropriate policies. Concerns of auto workers regarding employment are noted in a separate section.

  • Corporate Authors:

    Department of Transportation

    Office of Public Affairs, 1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Publication Date: 1980

Media Info

  • Pagination: p. 2-5
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00386635
  • Record Type: Publication
  • Source Agency: National Highway Traffic Safety Administration
  • Report/Paper Numbers: HS-029 189
  • Files: HSL, USDOT
  • Created Date: Jun 28 1984 12:00AM