Automotive industry crisis of 2008 10Carnage of the automotive business continues, with every passing week throwing in a host of surprising knock out news. Italian association Fedechimica conducted a recent survey on why foreign firms appreciated undertaking organization with the Italian chemical business and the best factors included: the good quality of human resources, the industry size and quality of clients, the quality and reliability of gear suppliers and the good quality of R&D.

Shouldn’t we be previous the finger pointing by this stage of the crisis? Does it truly matter who did, or did not, do what? Well, yes it does matter. Even so, there are numerous players in this economic theatre. Everybody from auto buyers, labourers, and most of all, management has played a part. The business would argue that they have been building cars primarily based on consumer demand. Consumers apparently wanted SUVs, CUVs, and higher performance automobiles. Gas, at that time, was reasonably priced so the desire to own one particular of these cars was strong. So, appropriate or wrong, the auto business built these autos to meet the customer demand.

Some believe that the lobbyists of the Automotive Business are to blame, are they? Right after all, it has been said that what’s great for GM is very good for America, so if that’s correct it would go for all the huge US Automakers proper? We not exactly, for instance it would be excellent if GM, Ford and Chrysler could make lots of money promoting … READ MORE ...