American Companies Losing Most Business To Foreign Rivals

06/20/2011 05:25 pm ET | Updated Aug 20, 2011
  • Douglas A. McIntyre 24/7 Wall St.

The US has not been an important player in the TV manufacturing business for as long as most people can remember. Many of the goods sold by huge superstores such as Wal-Mart are made in China. The Big Three had more than 90% of the domestic car industry a half a century ago. Their share of the market fell below 50% in 2007 for the first time in history and continues to erode. American-made apparel is almost as rare as American-made toys and American-made steel. It’s sad but true.

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