Here's what happened when Ford tried to react to the Volkswagen Beetle.
Between 100 percent tariffs and now an impending ban on software, it's clear that America's auto industry is more than a little worried about having its lunch eaten by heavily subsidized Chinese car makers. But it's far from the first time that the suits in Detroit have seen storm clouds arriving from far-off lands.In 1957, Detroit automakers' dominance of the US market seemed unbeatable. Smaller, independent American automakers Studebaker, Packard, Nash, Hudson, Kaiser, and Willys-Overland underwent various mergers to match the might of General Motors, Ford, and Chrysler to little avail.Yet America's Big Three faced a small but growing problem: foreign automakers.
