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The Evolution of the European Car Industry in the Context of the Economic Crisis

Author

Listed:
  • Hagiu Alina

    (University of Pitesti)

Abstract

The economic recession has had a huge negative impact on the car industry. The decline in car sales affects not only manufacturers themselves but also the considerable number of small and medium-sized businesses that depend directly on the car industry as suppliers and retailers. Thousands of jobs are consequently at stake. The car industry is a key sector of the European economy contributing to employment, innovation and competitiveness in Europe. The industry must strive to continue developing the skills of its workforces. The focus should be on investment in innovative and green technologies. Renewal of the car fleet should also be encouraged to boost demand for new, safer and environmentally friendlier vehicles. The paper aims to present the evolution of the European car industry before and in time of the economic crisis, and to present some tendencies for after the crisis.

Suggested Citation

  • Hagiu Alina, 2011. "The Evolution of the European Car Industry in the Context of the Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 918-924, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:918-924
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    More about this item

    Keywords

    car industry; crisis; development; perspectives;
    All these keywords.

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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