Automobiles on steroids: Trade-offs and technological progress in the automobile sector
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Recent history has been extraordinarily difficult for U.S. and foreign car makers, as they’ve been hit by everything from the deepest economic downturn since the Great Depression to a tsunami in Japan. In response to consumer concerns about operating costs, the 2012 Detroit Auto show featured many models with higher gas mileage, but there was also plenty of choice for those still in the market for bigger and more powerful vehicles.