MATTEO FERRAZZI of Unicredit Group and ANDREA GOLDSTEIN of the OECD analyze the transformation of the global car industry, a cornerstone of global manufacturing in terms of turnover, employment, trade and technology incubation.
They state that global economic crisis had magnified pre-existing challenges, accelerated the rebalancing of global economic activity between industrial and emerging economies with a dramatic shift in the location of production with BRIC countries expanding their share from 10% to 33% in a period of 10 years.
In their report for Chatham House' World's Industrial Transformation Series, "The New Geography of Automotive Manufacturing", they conclude that the industry would continue to be global, with new players (from China and India) increasing their share of fast-growing emerging markets and gradually become capable of challenging the incumbents in Western markets.
They state that global economic crisis had magnified pre-existing challenges, accelerated the rebalancing of global economic activity between industrial and emerging economies with a dramatic shift in the location of production with BRIC countries expanding their share from 10% to 33% in a period of 10 years.
In their report for Chatham House' World's Industrial Transformation Series, "The New Geography of Automotive Manufacturing", they conclude that the industry would continue to be global, with new players (from China and India) increasing their share of fast-growing emerging markets and gradually become capable of challenging the incumbents in Western markets.
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