“We don’t want to re-invent the wheel, but in an era when car manufacturers have to totally re-think their engineering perhaps even wheels are in question.” - Futerra.
I’ve been wondering over the past few months how best to write about the hefty financial bailout loans and various scrappage schemes that have been dished out to save car makers amidst the financial implosion of the auto industries across the US and Europe.
It’s hard to miss the news. The car manufacturers across the planet have been on the ropes for a while now. Things were bad before the ‘recession’ hit, but since late last year the poo really hit the proverbial fan, and all of them have been going down the tubes. Car sales in the UK are down 50% compared to the previous year.
