Monday, December 02, 2019

car companies have a really bad success rate... there are about 2 dozen that survived, hundreds succeeded for a while, but thousands have failed

Henry Ford failed with his first two for various reasons, the 2nd company became Cadillac.

Henry Kaiser, Powel Crosley, Louis Chevrolet, Enzo Ferrari, Ferruccio Lamborghini, Ferdinand Porsche... none of the companies they started escaped bankruptcy and/or sale to prevent bankruptcy.

Dozens of British, French, German, and Italian cottage-industry operations arose -- and disappeared -- in the last sixty-five years, but only a handful, such as Lotus and McLaren, survive.

Honda is a postwar company, of course, the only Japanese start-up to remain independent. Daihatsu, Suzuki, and Subaru are involved with bigger companies and are no longer masters of their own destinies.

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