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MBA Essay:美国和德国的汽车工业危机(2)

时间:2016-12-10 09:55来源 作者:英国论文网 点击联系客服: 客服:Damien
Compared to the world it occupies fourth place for the labour force (154.2 million as of 2009). More specifically, the manufacturing employs 20.3% of the US total workforce.
Largest economy in Europe, Germany with its nominal GDP estimated to 3,346,702 (millions of USD) is the world`s second exporter with 1.120 trillion USD in 2009. Public debt is around 73.2% of GDP (2009 est.), compared to its counterparty (US) the dependence in debts is higher. Estimates have shown that 20.4% of GDP is composed by agriculture, 29.7% by industry while services sector leads with 67.8%. In the path with most development countries Germany is specialised in electronics, heavy machinery, iron, steel, automotive, food and beverages and textile industries. Automotive industry is one of six largest sectors in Germany. For the labour force (43.5 million 2009 est.) it occupies the 14th place compared to the world. The driver of globalised economy has the highest qualified labour force and industry employs 29.7% of its total workforce.
Graph. 1.1
The United States has shown stable growth tendency until 2008, while Germany graph shows more oscillations. In common property is the negative fluctuation in years 2008-2009, all this due to the financial global crisis. Purpose of this paper is to find out whether the effect of crisis in automotive industry had impact in GDP.
The Real Causes of the Automotive Industry�Crisis
The root cause of the crisis in the automotive sector has been blame on the credit�crunch that resulted from the mortgage meltdown. The economists and industry analysts believe that this unprecedented drop in sales of automobiles is the result of a cyclical downturn compounded by inability of market players (dealers and customers) to seek for credits. The sharpest drop year over year of automobile sales for any month on record, dating back to 1942 was reported also by REUTERS, the first sign of an impending automotive decline on May 23 of 2008.
Recalling the oil shocks of the 1970s, above $135 a barrel oil prices were pushing the average pump prices to the crucial level ($4 a gallon). Meanwhile crude oil prices, driven by worries about tight stocks of refined products in the short term and the great global demand over the long term have jumped 30 percent. On the other side gasoline prices went up 57 cents/gallon compared to 2007.
Without doubt automobile producers were stuck in an old and tired business model, at which they are being unable to sell their products. Uttered in economic terms, this means declining in the demand for automobiles.
Under these circumstances, The Huffington Post (December 12 2008) publicized the temporarily plans of General Motor (GM). The breaking news was that in order to adjust the dramatically weaker automobile demand the company will close its 20 manufacturers for at least 6 weeks and make sweeping cuts to its vehicle production. Along that time employees were temporarily laid off, receiving a portion of their normal pay from the company. Among other they were free to apply for state unemployment benefits, spokesman Chris Lee had declared.(责任编辑:BUG)

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