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A mid-Nineteen Fifties concept automotive that was neither a fancied-up production mannequin nor a jazzy dream car was the 1954 Mercury Monterey XM-800. It might have been a production automobile for the 1957 model yr, and would have been a really engaging one even with the minor adjustments wanted to make it sensible and road-authorized. Alas, that didn’t happen, and by 1958 cars in Ford’s stable joined within the styling insanity that infected the American automobile business in these instances.

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To make sure, charges of return on capital have been an issue endemic to the auto business for years, which is one cause for the numerous bankruptcies — or near liquidations — amongst OEMs and suppliers, significantly up to now decade or so. Surviving automotive companies have famously bent over backward to save lots of pennies on every automobile or component they make. However, the situation is turning into extra dire: The price of capital is unlikely to come down from its already low inflation-adjusted levels, and new capital outlays are rising for advances in, amongst other areas, connected car and autonomous driving know-how.

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