The Car Industry Is Under Siege

auto manufactures


OICA members characterize the global auto industry that drives economic progress. Through our autos, we join folks, services to boost high quality of life and sustainable automobility. We are committed to technological innovation in the areas of security, environnement, gas efficiency, and we seek world harmonization of safety and environmental requirements to profit all international locations. Toyota Motor Corp. owns Lexus and Toyota.

The shifting steadiness of power in the auto business is already squeezing the lives of 1000’s of employees. General Motors, girding for a potential downturn, shut down its plant in Lordstown, Ohio, in March, certainly one of 4 factories within the United States that it plans to mothball by the end of this 12 months, eliminating more than 10,000 manufacturing unit and white-collar jobs. Volkswagen said Wednesday that it will create 2,000 new jobs in digital applied sciences while gradually chopping four,000 jobs that might now not be necessary due to automation. China more and more rules the global auto market and determines its course.

Road Safety

or Geely – have already cut the cord from their joint venture partners from other parts of Asia and the Western world, and carmakers from China are already making an influence in the global automotive market just like Chinese producers of vans or heavy gear. Maruti, Mahindra and Tata Motors suspended manufacturing for a number of days in May.

BMW and Brilliance have a joint venture known as BMW Brilliance. BMW owns a 50% stake, … Read More

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