Status of the Automobile Industry Worldwide
The Automobile industry around the world is in doldrums along with the rest of the world economy. The most recent victims being General Motors and Chrysler. Now, the Obama administration has declared that it won't allow the American auto industry to vanish. That's some claim, I must say what with crisis written all across the number plate for the industry.
The Obama administration has already told Rick Wagoner, Chariman & CEO, GM to go. In the last four years of Wagoner's leadership,GM lost $82 billion.Of course, Chrysler is again in the pits.How it wished Mr. Iaccoca was here to save it, but even he would have been helpless in this situation now.
The automobile industry has had this coming since a long time especially the Americam automakers. Even when the world economy was booming, the Top 3 US auto companies were churning up losses left,right and centre. But Ford transformed itself one and a half-two years back after staring at bankruptcy whereas GM thought it could take its own sweet time.
These issues which are being faced had been highlighted by Mr. Iaccoca in his autobiography way back in the 80s. Part of the troubles facing the auto industry are the huge health costs that these companies have incurred for their existing workers and retired workers and their product range majorly GM & Chrysler.
If you observe, the European and the Japanese auto makers have introduced models to take into account the fuel scarcity which is staring at the world and the changed preferences of customer across the world to fuel efficient automobiles. But there you have Messers GM & Chrysler who are churning out Gas guzzlers. Apart from that the very influential UAW (the auto workers union in the US) has also negotiated some very tough terms with the auto makers which they don't realise is mutually harmful at the end of the day.
Germany also, Opel has shut down most of its plants and in the UK, JLR is considering job cuts.
Here are some pictures from around the world illustrating the crisis hitting the Car makers.
Nissan has announced plans to cut its Sunderland workforce by 1,200.Thousands of unsold cars are stationed at the factory's test track.
Honda is halting production at its Swindon plant in April & May,extending the two month closure announced before Christmas to four months.Honda & Japanese rival Toyota are both cutting production around the world.Pictured in the right, Hondas awaiting export at a pier in Tokyo.
Jaguar Land Rover said earlier some time that it would be cutting 450 odd jobs.
Newly imported cars fill the 150 acre site at the Toyota distribution centre at Long Beach, California.
The build up of imported cars waiting to go nowhere at the port of New Ark, New Jersey.
Stocks of Ford trucks in Detroit, Michigan.
New cars jam the dockside in the port of Valencia, Spain.
Puegot cars await shipment to Italian dealers at the port of Civitavecchia.
Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester , Oxfordshire.
The Obama administration has already told Rick Wagoner, Chariman & CEO, GM to go. In the last four years of Wagoner's leadership,GM lost $82 billion.Of course, Chrysler is again in the pits.How it wished Mr. Iaccoca was here to save it, but even he would have been helpless in this situation now.
The automobile industry has had this coming since a long time especially the Americam automakers. Even when the world economy was booming, the Top 3 US auto companies were churning up losses left,right and centre. But Ford transformed itself one and a half-two years back after staring at bankruptcy whereas GM thought it could take its own sweet time.
These issues which are being faced had been highlighted by Mr. Iaccoca in his autobiography way back in the 80s. Part of the troubles facing the auto industry are the huge health costs that these companies have incurred for their existing workers and retired workers and their product range majorly GM & Chrysler.
If you observe, the European and the Japanese auto makers have introduced models to take into account the fuel scarcity which is staring at the world and the changed preferences of customer across the world to fuel efficient automobiles. But there you have Messers GM & Chrysler who are churning out Gas guzzlers. Apart from that the very influential UAW (the auto workers union in the US) has also negotiated some very tough terms with the auto makers which they don't realise is mutually harmful at the end of the day.
Germany also, Opel has shut down most of its plants and in the UK, JLR is considering job cuts.
Here are some pictures from around the world illustrating the crisis hitting the Car makers.
Nissan has announced plans to cut its Sunderland workforce by 1,200.Thousands of unsold cars are stationed at the factory's test track.
Honda is halting production at its Swindon plant in April & May,extending the two month closure announced before Christmas to four months.Honda & Japanese rival Toyota are both cutting production around the world.Pictured in the right, Hondas awaiting export at a pier in Tokyo.
Jaguar Land Rover said earlier some time that it would be cutting 450 odd jobs.
Newly imported cars fill the 150 acre site at the Toyota distribution centre at Long Beach, California.
The build up of imported cars waiting to go nowhere at the port of New Ark, New Jersey.
Stocks of Ford trucks in Detroit, Michigan.
New cars jam the dockside in the port of Valencia, Spain.
Puegot cars await shipment to Italian dealers at the port of Civitavecchia.
Thousands of new cars are stored on the runway at the disused Upper Heyford airbase near Bicester , Oxfordshire.
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