In the five decades since Henry Ford put the nation on wheels with his Model T, Detroit's automakers have worked on the assumption that their domestic market would continue to grow healthily. Now a subtle but profound change of thinking is taking place. No auto executive goes so far as to say that the domestic car market has reached a plateau, but most of them agree that dramatic sales jumps in the future will come less in the U.S. than in foreign markets.
There are already 61 million cars on U.S. roadsmore than...
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