Business Scenario - TVR
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| Submitted: Mon Aug 18 2003
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Business Scenario - TVR The engineering company TVR Ltd produces high quality performance cars in the UK. They employ a total of around 1400 people at four separate plants in the Midlands. But lately the economy in countries across Europe has hit a downturn and the economic growth is slowing. This is a worry for TVR, especially as the economy in America is also in recession. The first influence on TVR in America is the interest rates. The interest rates at the moment in America are at a major low due to September the 11th. Low interest rates would be quite a helpful influence for TVR because consumers will spend more when interest rates are low. For example, if consumers borrow more because of low interest rates, they are likely to spend more and if rates are really low, then more cars will be sold. Unemployment in America is not...


