General Motors, Ford, and Chrysler are collectively known as the Big Three automakers in the United States. Once dominating over 90% of car sales in the country, their market share has significantly declined over the past three decades, particularly in the face of competition from foreign automakers like Honda, Toyota, Hyundai, and Nissan.
Cyclical stocks are equities that tend to fluctuate significantly with the economic cycle, experiencing high volatility with economic upturns and downturns.
A tax imposed on the sale, use, or lease of automobiles that do not meet specific fuel economy standards. It applies to vehicles that fail to meet the required fuel efficiency and extends to both imported and domestically produced vehicles.
Industry standard refers to the orderly and systematic formulation, adoption, or application of standards used in the industrial sector of the economy. It is a generally accepted requirement to be met for the attainment of a recurrent industrial objective.
Economic policies championed by President Barack Obama to achieve economic recovery and effect reforms, calling for increased involvement by the government in the private sector in areas such as health care, banking, automobiles, college education finance, consumer protection, and environmental protection.
