GMAT
Beginning in the 1970s, when, as a result of a decreased global supply, oil prices soared and foreign automakers flooded the market, the United States automotive industry suffered numerous setbacks that, despite a periodic resurgence, it never fully recovered from.
Despite periodically resurging, the United States automotive industry has never fully recovered from the numerous setbacks that began in the 1970s, when both oil prices soared as a result of a decreased global supply and foreign automakers flooded the market.
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