Salma Ahmed
English Lit. GCSE Student
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The changes in the structure of the car industry.
- Words:
- 2967
- Submitted:
- Mon Jan 26 2004
Have a little read: ... INTRODUCTION THE CHANGES IN THE STRUCTURE OF THE CAR INDUSTRY Global restructuring Mass Re-structuring of the Car industry has taken place due to the high investment costs in the motor industry: this means that to make profits, manufacturers have to run plants at near capacity. In an effort to maintain profitability, European manufacturers have been intimately involved in the latest round of global restructuring/cross border restructuring. Recent significant events include: * Acquisition of Volvo by Ford; * equity swap joint venture between Fiat and GM; * the Daimler merger with Chrysler, followed by the integration of Mitsubishi into the group; * the sale of Rover Group by BMW, with Land Rover going to Ford; * the Renault-Nissan cross-shareholding, effectively a Renault take-over; * Volkswagen's take-over of Swedish truck maker Scania. Recent investments in the UK have occurred: * Ford/Jaguar at Halewood; * Peugeot at Ryton; and * Vauxhall (GM) at Luton and Ellesmere
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