Question: An article in the Wall Street Journal described the Chinese automobile industry as a hodgepodge of companies, most of which produce fewer than 100,000 cars

An article in the Wall Street Journal described the Chinese automobile industry as "a hodgepodge of companies," most of which produce fewer than 100,000 cars per year. Ford Chief Executive Alan Mulally commented on the situation by saying, "If you don't have scale, you just won't be able to be competitive."
a. Briefly explain what Mulally meant.
b. How would you predict the structure of the Chinese automobile industry (in terms of the number of firms and the size of firms) will change over the next 10 years?

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