'is it just greed?' asked my swabian father when we talked about the decline of car manufacturing in the region. and i guess the answer is closer to 'yes' than i thought.
Exceptionally illuminating @adamtooze.bsky.social today. The chart, from a 2025 @somoamsterdam.bsky.social report, says it all: European carmakers went on a sellers' inflation binge at the worst possible moment (i.e., the moment Chinese competitors geared up to lower prices and take market share).