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The U.S. auto industry went from global hegemon to owing carmakers abroad $3 trillion: ‘That’s not acceptable’

Posted on May 12, 2026
By Fortune
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1 min read

The U.S. auto industry went from global hegemon to owing carmakers abroad $3 trillion: ‘That’s not acceptable’

The U.S. share of global auto production has collapsed from 46% to under 15%, a problem that's just as much about national security as it is about manufacturing.