Author : Stefan Frühauf
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (859 download)
Book Synopsis The Restructuring of the Automotive Industry in the United States and Italy by : Stefan Frühauf
Download or read book The Restructuring of the Automotive Industry in the United States and Italy written by Stefan Frühauf and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The automotive industry is among the sectors that have been hit the hardest by the global financial crisis. Car demand experienced a sharp drop, stressing the pre-crisis difficulties of overcapacity and exacerbating the economic downturn in major car-manufacturing countries. Since then, considerable efforts have been taken all over the world to lead the auto-motive industry through the global recession. Yet the extent of and reasons for the implementation of restructuring measures have varied significantly between individual countries, regions and automotive manufacturers. This thesis examines the extent of and reasons for state intervention in the restructuring of the automotive industry in the United States and Italy throughout the financial crisis and identifies the main factors that accounted for the differences between the two countries and corresponding car manufacturers with regards to the restructuring process. Thereby it becomes clear, that the initial situation within the two states could not have been more diverse and that governments and other non-market actors are at the basis of a viable and confident future of the automotive industry.