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Fiat Chrysler and the future of industry

Author

Listed:
  • Giorgio Barba Navaretti
  • Gianmarco I. P. Ottaviano
  • Maria Teresa Trentinaglia

Abstract

Machines cannot fully replace people even in a high-tech industry like car-making. That is one of the conclusions of research which uses the example of the newly merged transatlantic car-maker Fiat Chrysler to debunk a number of myths about the nature of manufacturing and its viability in the mature economies of the West. Is there a future for industry in Europe and North America? Yes, the authors say, as long as we realise that manufacturing is not all about cost compression or automation. They note, for example, that quality rather than low cost is where mature economies still generally lead.

Suggested Citation

  • Giorgio Barba Navaretti & Gianmarco I. P. Ottaviano & Maria Teresa Trentinaglia, 2014. "Fiat Chrysler and the future of industry," CentrePiece - The Magazine for Economic Performance 434, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepcnp:434
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    File URL: http://cep.lse.ac.uk/pubs/download/cp434.pdf
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