Yesterday , I did a simple rough calculation about Common Motors to attempt to get at how a lot manufacturing job loss one might attribute to foreign competition versus automation and productivity will increase. Numerous commenters objected that my assumptions were too simplistic, significantly in neglecting the home content material in foreign autos and the importance of shifts within the provide chain over time.
Motorists in New York and Baltimore tended to pay the most after being concerned in accidents they did not cause, a consumer group discovered. Even as it moved to finish legal action in the United States over its efforts to illegally evade emissions standards, the German carmaker faces mounting legal woes in Europe. Some say autonomous autos ought to have frequent know-how before they hit the highway, however there may be additionally a powerful case for impartial approaches.
The odd-looking line in this graph is the one for home consumption of autos and components as a fraction of GDP; the line begins to drop after 2002, solely reversing in 2010. It is odd to me as a result of a graph of US car gross sales is actually flat from 2001 to 2007 at between sixteen and 17 million automobiles per 12 months. Studying off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to round 2.eight% in 2007, so roughly a 25% drop. Taking a look at BEA Table 1.1.5. US GDP rose 36% during that interval.
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