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I know it is the case for both French car companies and Volvo -- meaning the influence of financiers over the company decisions is stronger than any engineer: C
by bertil 13y ago
I know it is the case for both French car companies and Volvo -- meaning the influence of financiers over the company decisions is stronger than any engineer: CEO track, risk assessement is about liability not engineering excellence. Most Japanese and Korean companies are better seen as a conglomerates (zaibatsu). I've heard similar stories for US companies, but I don't personally know anyone working for them. It is indeed not the case for German brands, were the engineering excellence still matters. Tata is a large group that works far beyond cars: they handle personal finance, pharmaceuticals, etc. Your link is specifically about the car company, Tata Motors.
- nl 13y agoThe OP isn't talking about profit vs loss financial management, they are referring to the practice of US manufactures of offering finance packages to purchase a car. These finance packages are quite lucrative in the US market, and for many US manufacturers are more profitable than manufacturing. (The suicide referred to was an executive of Tata Motors)