Econchart Autor¨¹Ckrufe 02032010
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GM's latest vehicle recall follows Toyota's recall of over 8 million vehicles. The widespread quality issues seen in both companies are not unique to Toyota, but rather are problems across the depressed auto industry. Complex global supply chains that are difficult to manage and supplier networks worn down from years of deep cost cutting are the underlying reasons for the quality problems, and there will likely be more recalls to come as these systemic issues remain challenges.
Econchart Autor¨¹Ckrufe 02032010
- 1. The latest vehicle recall is GM?s ? The decision follows global recalls of more than 8 million vehicles by Toyota Motor Corp. ? It shows that massive quality problems in this depressed industry are not unique to Toyota ? Complex global supply chains that are hard to manage and a supplier base that is worn out from years of drastic cost cutting are the reasons, which means there is much more to come New Commercial Vehicle Auto Industry Demographics Registrations in the EU Weaken in the U.S. Passenger Car In Millions of units % change y/y Production in million 1 +1.7 18 Forecast the EU 27 units Q 17 1.1 0 -2.0 1Q2008 4.52 16 US new 8 % change -10.0 15 vehicle 0.9 2Q2008 4.54 14 sales y-o-y T -23.2 13 Left scale 0.7 3Q2008 3.64 o Vehicle buying -35.8 12 population 4Q2008 3.23 3 11 Right scale 0.5 Q -38.0 10 1Q2009 2.95 0 9 Source: Scotia Economics 0.3 9 -31.4 2Q2009 3.60 From 1994 to 2014 Source: EU Economic Report 11/2009 3Q2009 3.46 March. 3, 2010 Buy me for €20 / Translation €30 / Subscription welcomed ¨C mgaertner@shaw.ca GAPA NEWS