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GM'S CADILLAC AND THE LUXURY MARKET

ted in the American market by this time.

Since 1973, the time of the first Arab Crude Oil Embargo against western countries, the automobile manufacturing industry in the United States has been on the defensive against foreign competition. The American industry suffered additional setbacks in the economic recession of the early-1980s, and, although the American Big-3 automobile manufacturers have made progress since the end of the recession, they continued to see their market share erode through 1989, at which time it began to stabilize (Flint, 1991, p. 83). By 198

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GM'S CADILLAC AND THE LUXURY MARKET. (1969, December 31). In LotsofEssays.com. Retrieved 23:49, May 16, 2024, from https://www.lotsofessays.com/viewpaper/1689703.html