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Wednesday 17 April 2013

Competition is Good...

Honda is likely to install its solar powered "Home" hydrogen refuelling stations at its own Acura and Honda dealership networks across America for the coming hydrogen fuel vehicles. In the beginning, there was the word for vehicles and the word was good but fuel was initially supplied for vehicles at the turn of the last century(1900's) by pharmacists  or Farm Equipment stores for Ford Model T's and Oldsmobiles before Fuel companies opened their own gas stations.  Banks and small finance companies used to manage all vehicle finance until car companies started their own finance companies with their significant profits. Now,  income from finance contracts constitute more than half of a car company's revenue.   It is a known business fact for GM and GMAC for example. Now car companies can keep the economies healthy and happy with additional competition in the fuel supply business. Car companies are not drug store chains but they sell a lot of after market products including the odd chocolate bar, motor oils from various manufacturers(There is choice: Valvoline, Pennzoil and its own manufacturer's brand) and coke. There is nothing wrong if they add fuel to the supply. It's good for competition. 

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