Why Did The American Car Industry Fail?

The USA is used to produce worlds best cars back in '50s and '60s. Now, if you look at the American car companies, not only they don’t have any significant portion of the foreign market, they can’t even dominate in their domestic market. So why do American car companies are failing so miserably?
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Видео Why Did The American Car Industry Fail? канала CuriousReason