2min snip

The Daily cover image

A Breaking Point for the U.S. Auto Industry

The Daily

NOTE

The Marriage Starts to Fray

In the 80s, my family switched from American to foreign cars due to their poor reliability. This trend was common across the country, leading to a decline in market share for the big three automakers. To address worker concerns, a deal was made to create the jobs bank, where workers would stay on the payroll after plant closures. However, the automakers expected it to be temporary, hoping to restructure and regain market share. Ultimately, this plan failed and the plants remained closed.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode