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For decades the U.S. auto industry was a poster child for bad products and poor management decisions.

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For decades the U.S. auto industry was a poster child for bad products and poor management decisions. And rightly so, says AutoBeat Group Publisher Bill Hampton.

But that's old news. American carmakers have transformed over the past five years into shining examples of how to get it right. Hampton notes that Europe's auto industry faces the same problems but with the additional burden of national government that make it very difficult for carmakers there to "rightsize" themselves.

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