bailout

Car companies: too big to fail, or too big to survive?

For a time, "economies of scale" meant that the key to success was making a business bigger, and focusing on nothing more than profit. Sell more products however you could, and cut costs as much as possible. This is no longer the case. We're entering a time when smaller businesses that solve real problems can be profitable, and the former behemoths are becoming dinosaurs.

The past

The assembly line was the key innovation of the auto industry, that famous invention of Henry Ford.

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