A Hundred Factories Too Many.

This article discusses the excess capacity for automobile manufacturing in the global economy during the 2008 recession. The potential for mergers and acquisitions to remove some of that excess industrial capacity is framed in terms of turmoil in the corporate credit market following the 2008 financial crisis. The conflict faced by car companies that are reluctant to close factories because of the risk that this will leave them at a disadvantage when the economy recovers is considered.