Auto industry: too much capacity and players

The auto industry is like a volcano, exploding large amounts of mud. The reason for this explosion is simple: too many players in auto industry, in US.

Probably, US is becoming the "world arena" for automakers: GM (with brands like Chevrolet, Saab, Daewoo or Opel), Ford (with Ford, Mazda, Land Rover or Jaguar), Daimler-Chrysler (with Mercedes, Dodge or Smart), Toyota (with Toyota, Lexus), Honda, Hyunday, Nissan, VW (VW, Audi, or Rools-Royce), etc.

DaimlerChrysler today said fourth-quarter net income fell 40 percent to 577 million euros ($757 million) from 966 million euros. Revenue dropped 1.9 percent to 40.7 billion euros. Analysts surveyed by Bloomberg expected net income of 726 million euros in the quarter.

No matter Zetsche will argue, Daimler will regain its previous name, Daimler-Benz.