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Circular Economy Applied to the Automotive Industry

Author

Listed:
  • Stefan-Alexandru Catana

    (University of Bucharest, Faculty of Business and Administration, Romania)

  • Sorin-George Toma

    (University of Bucharest, Faculty of Business and Administration, Romania)

  • Catalin Gradinaru

    (University of Bucharest, Faculty of Business and Administration, Romania)

Abstract

The subject of the circular economy is an essential societal topic in nowadays society. In the last years, in the automotive industry, the evolution of regulatory and economic circumstances has led to the development of networks to reuse, refurbish, remanufacture, recycle and recover components, elements, equipment, and materials embedded in end-of-life vehicles. The paper aims to briefly present and better understand the concept of the circular economy within the automotive industry. The methodological approach was based on a qualitative research method. The paper shows that despite the main barriers to reuse, recycling, and recovery performance improvement are economic and technical, in the automotive industry, the circular economy was based on the idea that, on one hand, over the world, the natural resources are limited and, on the other hand, it is important to augment the functioning of the ecosystem and, consequently, the human well-being.

Suggested Citation

  • Stefan-Alexandru Catana & Sorin-George Toma & Catalin Gradinaru, 2022. "Circular Economy Applied to the Automotive Industry," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 516-520, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:516-520
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    References listed on IDEAS

    as
    1. de Jesus, Ana & Mendonça, Sandro, 2018. "Lost in Transition? Drivers and Barriers in the Eco-innovation Road to the Circular Economy," Ecological Economics, Elsevier, vol. 145(C), pages 75-89.
    2. Dragos TOHANEAN & Sorin-George TOMA & Ionel DUMITRU, 2018. "Organizational Performance and Digitalization in Industry 4.0," Journal of Emerging Trends in Marketing and Management, The Bucharest University of Economic Studies, vol. 1(1), pages 282-288, November.
    3. Kirchherr, Julian & Piscicelli, Laura & Bour, Ruben & Kostense-Smit, Erica & Muller, Jennifer & Huibrechtse-Truijens, Anne & Hekkert, Marko, 2018. "Barriers to the Circular Economy: Evidence From the European Union (EU)," Ecological Economics, Elsevier, vol. 150(C), pages 264-272.
    4. Sorin-George Toma & Stefan Catana, 2021. "Linking Customer Experience With The Extended Marketing Mix," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 105-109, October.
    5. Paul Marinescu & Sorin-George Toma & Gheorghe-Florentin Miulescu & Catalin Gradinaru, 2017. "Entrepreneurship: from education to innovation," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 26(1), pages 146-156, December.
    6. Stefan Catana & Sorin-George Toma, 2021. "Marketing Mix And Corporate Social Responsability In Automotive Industry – Case Study: Mazda Motor Corporation," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 205-209, February.
    7. Sorin-George Toma, 2008. "What is Six Sigma ?," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 8(1), pages 152-155, December.
    8. Cătălin Grădinaru & Sorin-George Toma & Ștefan Catană, 2020. "Innovation Around the World: An Analysis of the Top 10 Most Innovative Companies in the Period 2018-2020," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 340-346, December.
    9. Sorin-George Toma & Shinji Naruo, 2009. "Quality Assurance in the Japanese Universities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(26), pages 574-584, June.
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    More about this item

    Keywords

    circular economy; automotive industry; company;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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