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Electric Shock - An Existential Crisis in the German Auto Industry

3 pointsby daknaabout 1 year ago

2 comments

jqpabc123about 1 year ago
The German auto industry has been operating in crisis mode for decades.<p>The Asians have had them technically beat for a very long time in terms of mass market autos. They only survive as a mostly niche &quot;luxury&quot; brand in the USA.<p>I saw an interview with the head of Mercedes well over a deacde ago where he admitted as much. By his estimate, the Asians had a $10K cost advantege over them. His goal was to narrow this to 5K because &quot;luxury&quot; buyers woukd pay that much just for the &quot;prestige&quot;.<p>Expensive to buy and maintain, they are among the least effective options to meet your everyday transportation needs. And their sales figures reflect as much.
thesnideabout 1 year ago
Seems like a real hard &quot;inflexion point&quot;.<p>A. S. Grove (1996). Only the Paranoid Survive. ISBN 0-385-48258-2