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I would disagree with that. For a market like that 3 competitors in one country is actually probebly close to maximal efficnecy. There is such a unification in
by nickik 7y ago
I would disagree with that. For a market like that 3 competitors in one country is actually probebly close to maximal efficnecy. There is such a unification in basic car concepts that adding more providers really doesn't add much.
Specially if there is also tons of international competition as well.
When there was a real need for a new company, because of EV shift, a new one happened. If it was a real oligopoly such could not be done. In fact the Big 3 attempt at using their market power against Tesla have mostly been marketing oppertunites for Tesla.
- magduf 7y agoDon't forget, there's a LOT more than 3 competitors in the auto market. There's 4 in America now (Ford, GM, Fiat/Chrysler, Tesla), but that doesn't count all the foreign automakers, many of whom have manufacturing plants right here in the US: Honda, Toyota, BMW, VW, etc. Just looking at cars on the road, the "American" automakers don't even appear to have a majority of sales.
- nickik 7y agoThat's why I wrote: Specially if there is also tons of international competition as well. And Fiat is European now I think.
- dangerbird2 7y agoFac is based in London, but it’s two main subsidiaries, formerly fiat and Chrysler, are still based in Italy and Detroit respectively