The crisis in the automobile industry: strategic shortcomings shouldn’t conceal the impact of fiscal austerity

By Jean-Luc Gaffard

The crisis in the automobile industry, illustrated by the closure of the PSA site in Aulnay, reveals not only structural difficulties but also strategic errors made by the manufacturers with respect to their industrial organization and range positioning. The industry‚Äôs need to restructure cannot, however, obscure the very real macroeconomic dimensions of the crisis in the short term. Continue reading “The crisis in the automobile industry: strategic shortcomings shouldn’t conceal the impact of fiscal austerity”

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