To rectify the situation, it is recommended that the entire industry aggressively begin selling as many hybrid vehicles as possible. This is important because the article the Potential of Hybrid and Diesel Powertrains, indicates that the company / companies that are able to have their entire line of cars and trucks converted to hybrid technology, will see a dramatic improvement in market share. As they estimate that a 40% shift could take place in the market, by the company / companies that are able to achieve this objective. Then, when you combine this with the fact that they were able to reduce labor costs dramatically over the last two years, means that if Ford and GM can be the first to deliver these vehicles, they will have recaptured a major portion of their market share. This is how industry executives can learn from the mistakes of the past, to beat their foreign competitors by using their own strategies against them.
Appendices
Reference Page
Mannering, F. (1991). Brand Loyalty and the Decline of American Automobile Firms. Brookings Paper on Macro Economic Activity, 67 -- 14. http://www.jstor.org/pss/2534791
Oberman, M. (2009). U.S. Auto Sales Crash. Retrieved June 6, 2010. From Sidney Morning Herald website: http://news.smh.com.au/world/us-auto-sales-crash-as-2008-hits-lowest-level-since-1992-20090106-7ax7.html
Polit, D. (2008). Nursing Research. Philadelphia, PA: Wolters Kluwer Health.
Ramsey, M. (2009). U.S. Auto Sales. Retrieved June 6, 2010 from Bloomberg website: http://www.bloomberg.com/apps/news?sid=a4FSBwVR7Fc8&pid=20601087
Singleton, C. (1992). Auto Industry Job's in the 1980's. Monthly Labor Review, 115, 124 -- 137.
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The big three will likely weather the tsunami, as completely different entities than they have been in the past, possibly even more strikingly different than they were before and after the Japanese management style implementation in the 1980s. With these and other changes likely in the industry in the near future The industry will once again prove flexible and innovative in changing with the times. Works Cited Brown, Shona L., and
soft drink and automotive industry in United States The consumer intensive industries whose global operations are indeed tremendously influenced by key macroeconomic indicators and more importantly, by the relationship between the linkages between these indicators, which are representations of the underlying variables from the contained data. The movement and potential movement of GDP, unemployment rate, and Inflation, along with interest rates within differing economies, the CPI and PPI, wage rates/minimum
" (Tripathi, Ansolabehere, and Snyder, 2002) Additionally, groups that place emphasis on lobbying tend to may more attention to the position of power that members hold inside Congress and pay less attention to the electoral circumstances of member than do other groups and as well groups that place emphasis on lobbying "also appear to be more bipartisan and less ideological than other groups, giving more equally to both parties and more
Michigan Auto Show: History Early History The history of the Michigan Auto Show (now re-named as the North American International Auto Show) dates back to 1899 when it was held for the first time as the Detroit Auto Show in Detroit. The credit for organizing the earliest Detroit Auto Shows goes to William E. Metzeger who dealt in bicycles before becoming associated with the auto industry. ("Zacharias"). Metzeger had traveled to England
In October they are forced to half dividend. On the 17th October Ford posts its first consecutive quarterly loss in a decade. (BBC News Ford chief Jacques Nasser ousted). Though overwhelmed by the situation Bill Ford does his best to improve their financial situation and succeeds for a short while. But Ford's true "revitalization" would only be brought about by the CEO who came after Bill Ford, Alan Mulally (who
4). 2.4 Effects of Environment: Concerns related to carbon emission were heightened in mid-2000s and in 2007 Al-Gore in his book 'An inconvenient Truth' condemned the big three saying "They keep trying to sell large, inefficient gas-guzzlers even though fewer and fewer people are buying them." In comparison to other developed countries in Europe and Asia, American standard for distance covered in one U.S. gallon was only 25 mpg (miles per gallon).
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