<P> The motor vehicle industry began with hundreds of manufacturers , but by the end of the 1920s it was dominated by three large companies : General Motors , Ford , and Chrysler , all based in Metro Detroit . After the Great Depression and World War II , these companies continued to prosper , and the U.S. produced nearly three quarters of all automobiles in the world by 1950 ( 8,005,859 of 10,577,426 ) . Beginning in the 1970s , a combination of high oil prices and increased competition from foreign auto manufacturers severely affected the companies . In the ensuing years , the companies periodically bounced back , but by 2008 the industry was in turmoil due to the aforementioned crisis . As a result , General Motors and Chrysler filed for bankruptcy reorganization and were bailed out with loans and investments from the federal government . But according to Autodata Corp , June 2014 seasonally adjusted annualized sales is the biggest in history with 16.98 million vehicles and toppled previous record in July 2006 . </P>
<P> The motor vehicle industry began with hundreds of manufacturers , but by the end of the 1920s it was dominated by three large companies : General Motors , Ford , and Chrysler , all based in Metro Detroit . After the Great Depression and World War II , these companies continued to prosper , and the U.S. produced nearly three quarters of all automobiles in the world by 1950 ( 8,005,859 of 10,577,426 ) . Beginning in the 1970s , a combination of high oil prices and increased competition from foreign auto manufacturers severely affected the companies . In the ensuing years , the companies periodically bounced back , but by 2008 the industry was in turmoil due to the aforementioned crisis . As a result , General Motors and Chrysler filed for bankruptcy reorganization and were bailed out with loans and investments from the federal government . But according to Autodata Corp , June 2014 seasonally adjusted annualized sales is the biggest in history with 16.98 million vehicles and toppled previous record in July 2006 . </P>
who set up a car company in america
who set up a car company in america
General Motors , Ford , and Chrysler
General Motors , Ford , and Chrysler