Money & Business
Lifecycle of the Car Industry
...change, radical innovation to one of standardization, where the focus really began to be on producing cars much more efficiently, on making them much cheaper. What happened afterwards, the number of firms shot down. By 1940 in the US there were only a couple of dozens and in the eighties the big three - Ford, General Motors and Daimler-Chrysler". (Mazzucato) For the last...