Crisis in car industry or just current and necessity restructuring ?
AbstractThe year 2008 was probably the most difficult year for automotive industry since Second World War. Economical crisis, which started in United Stated, extended dramaticly and fast through financial sector and then found automotive industry as one of the biggest victim.Car industry is really nearly connected to global economic situation and expectation of its development. On the other hand, car industry was really waiting for such a bit impact. During last 20 years a production capacities increased dramaticly mainly due to unrealistic and optimistic expectation of car sells on emerging markets. Nowadays it seems, that expectation were unrealistic and there should be some rationalisation in capacity usage, that will bring unpleasant impact to affected region. Economic situation bring closing of some car factories or consolidation process in this industry. The politicians will probably be unhappy from this situation and try to put their own ideas, how situation solve.
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Bibliographic InfoArticle provided by University of Economics, Prague in its journal Ekonomika a Management.
Volume (Year): 2009 (2009)
Issue (Month): 1 ()
Postal: Redakce Ekonomika a management, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment
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