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There's a new buzzword bouncing around in the U.S. auto industry: optionality. What does it mean? Here's WWJ auto analyst John McElroy. (Photo: Getty Images)

WWJ auto analyst John McElroy reports auto executives say the trade agreement made North America a powerful trading bloc. (Photo: Getty Images)

WWJ auto analyst John McElroy reports Bosch is working on a heater to warm up the catalytic converter quicker. It would help a full sized pickup truck or SUV have lower emissions than a Toyota Prius. (Photo by Thomas Niedermueller/Getty Images)

WWJ auto analyst John McElroy reports if President Trump allows Chinese cars to be sold in the United States, the Chinese auto companies will gain market share here which will reduce production for the American carmakers.

WWJ auto analyst John McElroy says there are too many car companies making too many cars and new car sales are dropping off.

WWJ auto analyst John McElroy reports automakers sold more cars 25 years ago than they do today. So in order to grow their business, the auto industry is looking at three opportunities. (Photo by Bill Pugliano/Getty Images)

WWJ auto analyst John McElroy ask if $5 a gallon gas be the tipping point for sales of electric cars? (Photo credit: WWJ)

WWJ auto analyst John McElroy reports an autonomous truck in Germany has no driver or cab. One of the reasons they are pushing autonomous trucks is the country has a severe shortage of truck drivers. (Photo by Sean Gallup/Getty Images)

WWJ auto analyst John McElroy reports while President Trump says he's okay with the Chinese making cars in the United States, but the American auto industry is against it. (Photo by Kevin Frayer/Getty Images)

WWJ auto analyst John McElroy reports the auto industry will be split among the USA and China especially when it comes to software, connectivity and autonomy. And most of the world will look to China because it is cheaper.

WWJ auto analyst John McElroy reports Ford and Tesla are making cars out of three modules, a front end module, a passenger cab module and a rear module. (Photo by Jens Schlueter/Getty Images)

WWJ auto analyst John McElroy reports car sales in China fell sharply earlier in the year and sales are getting worse. He says it could be a disaster. (Photo by Natalie Behring-Chisholm/Getty Images)

Have you seen those gold Teslas tooling around? WWJ auto analyst John McElroy says the automaker is testing a new, driverless car. (WWJ Photo)

WWJ auto analyst John McElroy reports Ford developed military versions of the Ranger that includes a thicker frame and stronger axle. (Photo by Bill Pugliano/Getty Images)

WWJ auto analyst John McElroy reports humanoid robots are good at some things and bad at others. BMW is using them at an assembly plant in South Carolina. (Photo by Lintao Zhang/Getty Images)