Competition from trains that can travel at 350 km per hour is forcing Chinese carriers to cut prices as much as 80% at a time when they are already in a round of mergers to lower costs. These trains will also erode a market that Boeing and Airbus are banking on to provide about 13% of plane sales over the next 20 years.
When a consumer goes to Google News, it lists the number of sources. A news story immediately becomes one of 2,172 articles (or more). It is never good for a publishing brand to be considered one of 2,000 plus sources. That makes it a commodity.
Toyota had its roots in textile machinery but was anxious to diversify. In 1930, Platt Brothers of Oldham, at one time the world’s biggest manufacturer of textile machinery, handed over £100,000 in return for the patents to a pioneering automatic loom developed by the Japanese company. That money helped Toyota to lay the foundations to become the world’s biggest automobile manufacturer.