Automotice Crisis 2008

In: Business and Management

Submitted By maged1000
Words 1593
Pages 7
Automotive industry crisis of 2008–2010

Team members:
Ahmed khaled said 20080044 (searching and collecting the cases and all the data that we need it from the internet)
Maged mohsen el-wakeel 20080631 (summaries the case and the data that we got it)
Moaz abdel raheem 20080626 (typing the project at word)
Ahmed gamal 20080400 (he did the outline. also he organized the shape of the project and work in the presentation slides and the design of it.)

The automotive industry crisis of 2008–2010 was a part of a global financial downturn. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The automotive industry designs, develops, manufactures, markets, and sells motor vehicles, and is one of the world's most important economic sectors by revenue. The term automotive industry usually does not include industries dedicated to automobiles after delivery to the customer, such as repair shops and motor fuel stations. The Automotive industry has had a large outcome in production over the past 20 years. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement The Canada—United States Automotive Products Agreement, commonly known as the Auto Pact or APTA, was an important trade agreement between Canada and the United States. It was signed by Prime Minister Lester B. Pearson and President Lyndon B. Johnson in January 1965.[1]
It removed tariffs on cars, trucks, buses, tires, and automotive parts between the two countries, greatly benefiting the large American car makers. In exchange the big three car makers (General Motors, Ford, and Chrysler) and later Volvo agreed that…...

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