It sounds absurd to be surprised at how automated the process of car production is these days, but that was my reaction when I toured BMW’s plant making Series 3 cars in Munich today.
It has been more than 10 years since I went round a vehicle plant, so I took the opportunity on a visit to Munich to visit the one that which stands on the site where BMW first made aircraft engines in 1917.
I reviewed Too Big To Fail – favourably – in the FT today:
For 19 years, the curse of Barbarians at the Gate, Bryan Burrough and John Helyar’s groundbreaking book about the leveraged buy-out of RJR Nabisco, has hung over the publishing industry. Every time there is a tumultuous financial collapse or scandal, journalists scurry to write proposals for books, promising to recount it Barbarians-style.
My FT column this week is about how to restructure banks: