Merging Traffic

Merging Traffic

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During the latter part of the 20th century, the global auto industry has concentrated into a small number of groups led by General Motors, Ford, Daimler-Chrysler, Volkswagen, Toyota and Renault. The trend is of great political and economic significance because of the large size of the industry, its importance to the economic health of many countries and its geographic spread around the globe. Many reasons are commonly cited when trying to explain this rapid corporate consolidation: cost savings, new products and market, price controls and labour negotiations chief among them. Frequently, however, mergers do not achieve their stated goals. Merging Traffic explores all these factors and goes on to suggest that, as with the mystique of the automobile itself, other motivations prevail.Toyota, Honda, and Peugeot (PSA) have stayed aloof from most of this merger activity. ... Toyota has been using its cash reserves to buy back its own shares rather than go on a global acquisition spree. ... of Hyundai and 16 percent of the Malaysian company Proton (owner of 81 percent of the British sports car maker Lotus).

Title:Merging Traffic
Author:John A. C. Conybeare
Publisher:Rowman & Littlefield - 2004


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