Ford’s ambition was never completely realized, but no one has ever come so close on such a grand scale."
So, let's look at this. An integrated production facility that took raw materials and created finished products all within one house.
Let's fast forward to a modern car company, we'll use Aston Martin but we could equally use Ferrari, Porsche, Bentley, Lamborghini, Pagani or others...
Aston Martin has a production facility in Gaydon. At this facility is an assembly plant. They take:
- ZF (eight speed torque convertor automatic)
- Graziano (seven speed automated manual)
- Graziano (six speed manual)
- Brembo iron discs
- Brembo carbon-ceramic matrix discs
- V8 4.7 from Aston Martin engine plant in Cologne, Germany
- V12 6.0 from Aston Martin engine plant in Cologne, Germany
- Stereo equipment
- Bang & Olufsen
- Bridge of Weir
- Carbon fibre seats from Recaro
- Aluminium seats from Recaro
- Carbon fibre parts
- Engine control units
- Aluminium Body panels
- Norsk Hydro in Norway
Let's take this to banks...
Why does a bank feel that it needs to run a risk book and spend tens of millions on running an FX business? Or an equity secondary market business? Or a rates business? Corporate bond business?
Further to If not banks, then who? What's to stop a bank simply outsourcing this to a firm such as XTX Markets? The industrial organisation of car companies has changed radically so why not banks?