Does the Industry learn from the history?
Learning from history doesn't seem to come to the Industry & humans in the industry as a natural process of being in the business of business. It is so visible in endless repetition of the identically configured boom & bust cycles. The response to the situation also doesn't change is such a dark situation which the automobile industry is passing through... http://www.moneycontrol.com/news/business/auto-companies-stop-production-as-demand-slump-continues_719729.html#toptag