This doesn't even include the thousands of automotive supplier upstarts in every part of the supply chain from bolts to tires to tooling.
Similar to Silicon Valley, Detroit was also globally dominant in automotive production prior to 1929 (with 90% of production centered there).
Germany and Japan didn't get seriously into the automotive game until the post-WWII era. And China not until the 2000s. But when they did, they become competitive quite quickly.
You're naive if you don't think the same thing will happen with internet companies. Today the US only represents under 15% of automotive production globally.
This doesn't even include the thousands of automotive supplier upstarts in every part of the supply chain from bolts to tires to tooling.
Similar to Silicon Valley, Detroit was also globally dominant in automotive production prior to 1929 (with 90% of production centered there).
Germany and Japan didn't get seriously into the automotive game until the post-WWII era. And China not until the 2000s. But when they did, they become competitive quite quickly.
You're naive if you don't think the same thing will happen with internet companies. Today the US only represents under 15% of automotive production globally.