Before the popularization of interchangeable parts, automotive manufacturing involved more skill and [less!] precision. Standardizing screws and parts allowed unskilled workers to produce large numbers…
Less Parts, More Problems?
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Economics 244: Spring 2016
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Before the popularization of interchangeable parts, automotive manufacturing involved more skill and [less!] precision. Standardizing screws and parts allowed unskilled workers to produce large numbers…
With a rapidly increasing population of 1.2 billion people, India is closing in on the Chinese in terms of population and is becoming one of…
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China has announced that it plans to become a global leader in automobile production within the next ten years. Currently, the country is the…
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The largest auto market in the World is Asia with 47,878,892 vehicles produced in 2015. This total increased by 7.8% in 2016 to 51,521,214 vehicles…
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The automotive industry has long been associated with “the big three” but over the past half century that term has taken on new meaning. The…
In September of 2015, Volkswagen disclosed that they had been intentionally cheating on diesel emissions tests for at least six years by installing secret software in 580,000…
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From Tumblr
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Tesla recently (briefly) surpassed both Ford and General Motors in market capitalization. My own prognosis for Tesla’s longer-run prospects aside, once the Model 3 launches…
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Here is the canonical Prisoners Dilemma setup. If GM and Ford don’t engage in annual model changes, neither has an advantage in the market place…