Insane. Sounds like he wants an allotment of production from a centralized government, and not to win a market share by building something everybody wants.
So is someone supposed to tell VW, Audi, and Mercedes, and BMW that production is restricted to a certain number to ensure this guy can stay in business?
Partly. Some of this is governments subsidizing excess capacity. Many of these automakers are also semi-government owned.
This is really all just symptoms though. The real problem is the collapse in demand and zero recovery. Too much socialism is blocking growth. And no small part of it is the US economy going nowhere because business confidence is in the pits.
The reason is a focus away from basic cars. That market is too crowded.
Quite frankly the lower end of the market in Europe is nearly dead. People are buying cars, yes, but fuel prices are increasing and there is a roaring second-hand business
Fiat might be able to sell really small cars, should move away from the mid-range of the market
France's car industry is sc***ed due to Hollande, so bye-bye Peugeot and Citreon. Renault will survive due to its partnership with Nissan
Is this the “Equalization Act” or the “Anti Dog Eat Dog Act”?
No, he simply sees a European Union headed by Germany as a Mercantilist economy and thought it couldn’t hurt to try to take advantage.