Originally Posted by redrockv8
Yes it does. That's exactly what it means.
Though you should probably note that this is more because the cars aren't very appealing than anything else.
Now, if you want to really hold grudges then I guess German cars are out. Porsche helped build Tiger tanks, and indeed all of the major companies contributed to the war effort. Which, you kind of have to expect in a world war. Speaking of which, one of them owned Jeep for a while and many components are still shared. Now it is owned by another company that helped the Axis powers during WW2.
tl;dr - this is a crappy game to play and pretty soon you won't be buying any cars.