GM, Ford lose ground to Asian rivals

Why does the news from Detroit continue to remind me of the early 1980’s:

General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, saw sales slip again in May as customers continued to turn away from sport utility vehicles and trucks in favor of models from Japanese competitors.

And given the fact that the Bush Administration is for free trade except when trade protection is politically expedient – will “voluntary” export restrictions be the headline story in the next few weeks?