Like a siren, it calls.
The Auto Industry is significant. With gross revenues of over $2
trillion, production of over 66 million vehicles and growing it
seems to be a big, juicy target. It employs 9 million people
directly and 50 million indirectly and politically it must rank
among the top three industries worthy of government subsidy (or
interference). Indeed, in many countries–the US
included–government interference makes it practically impossible
for a producer to go out of business, no matter how poorly it’s
managed or how untenable the market conditions.
But this might be the tell-tale sign that danger lurks.