excerpts from csm | insights
The automotive industry has largely contributed to the evolution of the global economy through job creation, living standard elevation and government revenue generation.
Everyday life would be difficult to imagine without the mobility provided by the vehicle industry and governments must ensure the financial viability of the sector in order
to further benefit and fund their own public spending and investment of future development projects through the contributions received from the industry via the many forms
of taxation such as job-related income tax, new car sales tax, fuel tax and ownership tax.
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Cast your
mind back to 1994. During this year, BMW officials will stand proudly waving good-bye to the last ever "E30" 3-series model, Peugeot and
McLaren will join forces in what will become arguably the most tragic of Formula 1 seasons, and Nelson Mandela will become President of
South Africa.
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In late 2008, CSM highlighted an important connection between the tumbling fortunes of Chrysler, Ford and General Motors (GM) and the resulting impact on the North American supply base if any (or all) of the three domestic OEMs progressed into bankruptcy. Analysis of CSM's Supply Chain and Technology database revealed that as many as 70% of US suppliers to the Detroit 3 also supply Asian OEMs in North America, and nearly 50% supply European OEMs in North America as well.
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Due to its export-reliant economy, China cannot stay immune from the global financial crisis. The slowdown of economic growth is impacting the Chinese auto industry, which is now one of the pillar industry sectors there. In these hard times, to boost the auto industry as well as consumer confidence in the world's second-largest auto market, the China State Council passed an auto industry revival plan on 14 January 2009.
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CSM Worldwide invites you to view a high-level, forward-looking snapshot of the
most recent global production summary. The following link contains global light
vehicle and medium/heavy production summaries by region. These summaries are
based on CSM Worldwide's Global Light Vehicle and Medium/Heavy Production
Forecast services.
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