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Cars and Economics Contemporary Paradigm of the Auto Industry

Cars and Economics Contemporary Paradigm of the Auto Industry. Seongho Yoo presents…. Car Conglomerates. The Collapse of Big 3 & Why?. Cars from Ford, Chrysler and GM weren’t as good as their competitors’. New rivals, such as Kia, entered the market.

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Cars and Economics Contemporary Paradigm of the Auto Industry

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  1. Cars and EconomicsContemporary Paradigm of the Auto Industry Seongho Yoo presents…

  2. Car Conglomerates

  3. The Collapse of Big 3 & Why? • Cars from Ford, Chrysler and GM weren’t as good as their competitors’. • New rivals, such as Kia, entered the market. • Import-friendly areas added population, and sales grew faster than in domestic strongholds. • The market for Sport Utility Vehicles collapsed, hammering a profitable market the U.S. companies had counted on.

  4. Trend in Car Sales • In Ohio, Ford sales fell 43% in 10 years, and GM sales fell 32%. Meanwhile, Honda sales jumped 45%, Toyota climbed 30% and Hyundai/Kia sales increased sevenfold.

  5. Rankings at a Glance 5 Major Car Suppliers (2006) Manufacturers of Mass Production

  6. We are living in a Transitional Period

  7. Conclusion; think about it. Presented by Seongho Yoo • Looking closely into the auto industry is a key to look at the overall economy. • The relation between politics & economy • Also the relation between Neoliberalism (FTA) & American failure

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