The automotive industry has a long history, with a strong part in the economics of the country. We will discuss a brief history of the automotive industry and give a brief overview. We will also give a Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) analysis of the industry. We will also address the impact of the real Gross Domestic Product (GDP), the unemployment rate, and the inflation rate as measured by the Consumer Price Index (CPI). We will also include and discuss three economic indicators, auto sales, personal income, and Federal Reserve actions.
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