A tale of two half-sisters.
US multinational corporations are often caricatured as having a heavy-handed We Know Best approach to managing their overseas businesses. In the automotive industry, however, the opposite appears to have been the case, at least historically. Over the course of the twentieth century, Ford, General Motors and Chrysler all built up substantial European operations, either through acquisition or organic growth. Not only did these corporations allow their European businesses to operate with a high degree of autonomy from Detroit, they were also markedly reluctant to Continue reading “Keeping Up Appearances”