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Le « Fordisme financier » ou pourquoi l'industrie automobile a tant souffert de la crise financière

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  • Sylvain Broyer
  • Ludovic Fava

Abstract

This paper presents the collapse of the global automobile industry in 2008 in relation to the numerous porosities that exist between this industry and the financial sphere: 1/ the short term financing pattern of carmakers? working capital, of the network and even loans to individuals; 2/ the twofold function of credit since car demand is financed externally and stimulated by the form of credit supply (leasing); 3/ the closer dependency of the production process to financing conditions in the context of off-shoring. These porosities characterize a paradigm that can be qualified as « financial Fordism » and whose main features seem to be: 1/ maintaining a competitive selling price; 2/ reducing working capital if external financing becomes too costly; 3/ increasing demand via external financing not via wages like in the standard Fordism.

Suggested Citation

  • Sylvain Broyer & Ludovic Fava, 2011. "Le « Fordisme financier » ou pourquoi l'industrie automobile a tant souffert de la crise financière," Revue d'économie industrielle, De Boeck Université, vol. 0(2), pages 85-103.
    • Handle: RePEc:cai:reidbu:rei_134_0085
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