Will the US Auto Industry be Gone?
2008 Nobel price winner Paul Krugman claimed that the US auto industry will probably dissappear due to “geographical and economical dynamics”. In other words, soon enough, nobody will want to buy American cars. They need too much fuel, don’t they?
Under these circumstances, European and Asian car manufacturers might just survive… Or, maybe, less people will buy expensive cars and, over the next years, only cheap cars will be sold. Will we drive cars “made in China” in five years? Or maybe 2000$ cars “made in India”?
Tags: car