undefined | Better HN

0 pointsbertil12y ago0 comments

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.

0 comments

1 comments · 1 top-level

nl12y ago

The 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)

j / k navigate · click thread line to collapse