Yeah, you're not wrong. But collectively saying "the automotive industry" is a little too simplistic, since in theory they are competing and can't be colluding

Yeah, you're not wrong. But collectively saying "the automotive industry" is a little too simplistic, since in theory they are competing and can't be colluding, so "the automotive industry" paying too little shouldn't be possible. In practice though, we all know it isn't that simple, so your point has merit.