Topic: The Global Auto Industry

[ovr50]

http://www.economist.com/business/displayStory.cfm?story_id=4369762

This article in the current week's issue of the Economist is well worth the 5 or 10 minutes it would take you to read it.

It explains how the merger mania has been a disaster for the world's great car mfgers. and how the global auto industry will undergo profound change in the years ahead.

If you follow this area at all, read this. 

[froggy]

Very good article...
I also remember that 20 years ago, Renault was almost considered a dead brand (poor models, union issues,...)  All GM needs is somebody who will make the necessary adjustments, and this probably will go through a chapter 11 and massive layoffs, as painful as it is.... 

[AVToller]

Thanks for the link. Business has never been my focus, but that was interesting reading.

[Snowman]

Thanks Ovr…I dig this stuff. I like the statement by Garel Rhys:

“renewed, retooled, refurbished and replaced to remain competitive. There is nowhere for the inefficient to hide.”

But he forgot the most important component to be competitive…remanaged.

Having all the modern technology is wonderful, but if you cannot manage the process and more importantly the people success will never be achieved.