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firms. Also, U.S. auto manufactures investments had fallen well below previous historic levels.
This combination of the depressed machine tool market and the 50% market share claimed by imports proved devastating to smaller U.S. machine tool makers. These smaller companies could not keep up with the rising development cost needed to compete with Japanese standards.
Giddings & Lewis recognized that if they were to survive they would have to grow their business. Many of the larger machine tool makers were successful in offering flexible machining centers that were custom engineered for the customer...
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