Interesting fun fact - the Japanese sub-brands were mostly created to get around US import restrictions. At the time, the US had super imposing quantity limitations on Japanese cars. So the workaround was the companies spun off luxury companies (Lexus, Acura, Infiniti) so they could sell fewer cars at a higher markup.
Auto manufacturer family tree: Who owns what?
101–110 of 171 posts
Re: Auto manufacturer family tree: Who owns what?
#102Disclosure: I work for GM. Anything here is solely my own opinion or experience. Fun fact: Chevrolet kind of bought GM. https://www.history.com/this-day-in-history/gm-buys-chevrole... > "Still the owner of a considerable portion of GM stock, Durant began to purchase more shares in the company as his profits from Chevrolet allowed. In a final move to regain control, Durant offered GM stockholders five shares of Chevro…
> As to the manufacturer family tree: things get significantly more complicated when you add joint ventures.
Yes, and even more complicated because some of those joint ventures where country-specific. For example, in the 80s (and early 90s) due to the economic crisis in Brazil and Argentina, Ford and Volkswagen created the joint venture Autolatina to join forces during the crisis. So both brands shared engines and released sight variations of the same cars.
Re: Auto manufacturer family tree: Who owns what?
#103Earlier quoted context omitted.
Luxottica merged with Essilor in 2018. It's now a French-Italian company. They own: Ray-Ban, Oakley, Michael Kors, Varilux, Crizal, Transitions, LensCrafters, Clearly, EyeBuyDirect, FramesDirect.com, OPSM, Pearle Vision, Sears Optical, Sunglass Hut, Target Optical, Vision Direct, Vision Source, et al. https://en.wikipedia.org/wiki/EssilorLuxottica
The more interesting/disgusting part is that they own EyeMed, so for many people they also get your insurance premium, and then also what you pay for glasses or whatever. https://en.wikipedia.org/wiki/Luxottica#Medical_managed_care
I personally view vertical integration much more favorably than the Borg-like horizontal consolidation Luxottica exhibits.
Consider that CostCo does the same thing and members are generally happy about it.
Re: Auto manufacturer family tree: Who owns what?
#104> Tesla – Founded 2003 > It was founded by former PayPal owner Elon Musk Hah. Nope. https://en.wikipedia.org/wiki/Tesla,_Inc.#Founding_(2003%E2%...
> A lawsuit settlement agreed to by Eberhard and Tesla in September 2009 allows all five – Eberhard, Tarpenning, Wright, Musk, and Straubel – to call themselves co-founders.
Granted, he wasn't there to sign the articles of incorporation, but he joined very early.
Re: Auto manufacturer family tree: Who owns what?
#105Ferrari is listed as independent (rightly,) but it is owned in a big part by the Agnelli family (Exor) who own also a big part of Stellantis. No employee in the Ferrari factory has a non-Stellantis car (Alfa Romeo or Maserati preferably) So I think it should be clarified that Ferrari and Stellantis (specifically Fiat) are related
Exor (the Agnelli's) owns 14.35% of Stellantis and 22.91% of Ferrari.
Re: Auto manufacturer family tree: Who owns what?
#106It'd be interesting to see this expanded into the secondary supply chains, and the primary factories, all of which may or may not be owned by the car corporations themselves. These networks sprawl out pretty quickly, I imagine. Modern cars rely on microcontrollers and microprocessors, and without chip fabs that comes to a halt. They also require varying amounts of steel, aluminum, carbon fiber, other plastics and met…
building out a massive BOM for all platforms would be next to impossible because it would require forcing OEMs to disclose their contracts with Tier 1 suppliers. I totally agree with you becasue that would be such a cool thing to do
Re: Auto manufacturer family tree: Who owns what?
#107I know that Ford takes a lot of flak (deservingly in many cases) but I've always been very impressed by how consistently the company has seemingly been run. If I remember correctly, and I'm sure someone will correct me if I don't, they are the only one of the 'Big 3' American auto manufacturers to not need a bailout.
Re: Auto manufacturer family tree: Who owns what?
#108Earlier quoted context omitted.
Ideally, in a democracy, it should be open and transparent who owns what, up to the individual. That should be the basic principle of a free market.
good direction but impractical.. a tech lead at Starbucks quipped "we don't actually know how many people work at Starbucks right now" .. huh? because, though they do have modern cloudy tech, there is meat-space time involved in edge transition from state of employed to not-employed, etc. So it is true, even with "perfect" observation of events, the leaders have ranges, not hard numbers. So it is with markets. There…
Impractical? Isn't it already being done?
At least here in Norway, I can look up an organization and see all owners of that company last year. And press a button and it calculates the "true"/indirect owners up the chain as well.
I can also go the other way. Select a person, and see what they own through multiple layers of companies.
Re: Auto manufacturer family tree: Who owns what?
#109I know that Ford takes a lot of flak (deservingly in many cases) but I've always been very impressed by how consistently the company has seemingly been run. If I remember correctly, and I'm sure someone will correct me if I don't, they are the only one of the 'Big 3' American auto manufacturers to not need a bailout.
Yes and no.
Ford did not participate in the explicit bailout for the auto industry, but their financial arm did receive loans from the federal government. (GM and co. also received this type of assistance in addition to the bailout.)
Re: Auto manufacturer family tree: Who owns what?
#110mazda still going strong, with toyota owning just 5% of it. excellent, as their mx5/miata is a gem of car.
https://www.reuters.com/article/us-toyota-mazda-idUSKBN1AK0R...
https://www.automotiveworld.com/news-releases/mazda-continue...