Apr 22, 2010 9:09 AM by Bea Karnes, News First 5
It could be part of the fallout from Toyota's big recalls.
A new Associated Press-GfK poll found more people saying the U.S. makes better cars than Asia. Thirty-eight percent of the people who were polled said U.S. cars were best, while 33 percent named cars made by Asian countries.
That marks a big shift from just a few years ago, when Asian cars were rated best, 46 percent to 29 percent.
The dean of the business school at Michigan's Wayne State University says the shift is largely due to Toyota's problems.
He and others also point to a fresh look that Americans are giving to U.S. automakers, especially Ford and GM. Analysts say Ford revived its reputation by not accepting a taxpayer bailout, and by improving gasoline mileage. And GM has revamped its lineup with more fuel-efficient and crossover vehicles.
Meanwhile, Moody's Investors Service has lowered its long-term debt rating for Toyota. It's predicting low profit levels for the carmaker, which may be forced to cut prices as its reputation suffers.
1 hour ago