How EU policy affects the European Automotive Industry - Essay Example

Only on StudentShare

Extract of sample
How EU policy affects the European Automotive Industry

However, during the last five years, there has been a slowdown in economic output across the EU, and, while the forecasts are positive, modest growth of 2.0%-2.3% is expected in 2004. Weak growth has led to reduced consumer and business confidence. Industrial production has decreased, including the production of durable consumer goods. Levels of private consumption have fluctuated during early 2003, following modest growth in the previous two years. This is partly due to poor labor market conditions, with EU unemployment rising during 2003. Economic indicators are weak in some major EU economies such as Germany, France, Italy and Spain. Only the United Kingdom (UK) has managed to resist these trends (Trends and drivers). This has greatly affected the car industry, given the car's status as the ultimate consumer and fashion item, as well as the importance of engineering and design in the manufacturing process. Average profit margins have declined from around 10% in the 1960s to less than 5% today, and some volume car makers are actually losing money (EMCC dossier).
Despite increasing competition worldwide, European automotive has maintained a strong position in exports and global sales. ...
Download paper


The automotive industry is one of the biggest of all industries. It manufactured nearly 60 million cars and trucks a year and employs several million people around the world. It is a key indicator of economic growth and a main contributor to the gross domestic product (GDP) of several Member States and the EU (EMCC dossier)…
Author : okunevamaddison

Related Essays

EU Law
The first elections of the European parliament “by direct universal suffrage” took place in June 1979 (Europa, 2007). Since then these elections take place every five years giving more strength and responsibility to the Parliament. In European Union, EP is the only directly elected body. Every five year, 27 member states select 736 Members, which represent 500 million people of EU (EuroParl, 2011a). It covers every sphere of EU’s citizens life; civil, social, political, economical and environmental. Its domain of control is huge. Gradually EU’s parliament has gained a position of “co...
9 pages (2259 words) Essay
To what extent does the European Union policy of free movement of persons discriminate against the non-European 'others'?
The paper tells that the EU (European Union) policy concerning free movement within its member states has, in many quarters been taunted to be extremely discriminative in nature.This policy on free movement of persons tend to, in particular, discriminate against people from other parts of the world- the non Europeans, commonly referred to as “others”. The E.U’s hostility towards immigrants has been discussed at length in various forums. A very important aspect of the said immigration policy that many find not friendly is in the treatment of people who are from troubled countries, for...
17 pages (4267 words) Essay
To what extent does the European Union policy of free movement of persons discriminates against the non European 'others'?
ts with open arms2. Economical The second paragraph discuss the economic aspect of the Xenophobic approach of the EU whereby it will talk about the exceptions in the form of the UK and France that threw their doors open to immigrants as a means of enhancing productivity and access to cheap labour for low skilled jobs and as a means to attract the best talent possible for high skilled jobs3. The third paragraph will be a continuation of the ideas in the second paragraph that the approach did pay off for these countries though a certain point was reached in recent years where these countries...
5 pages (1255 words) Essay
The flipside of this provision has been its penchant for predisposing member states to the inability to control entry and residence within their territory. Eventually, this has led to the member states’ trying to minimise to stem the burden that unbridled movement of persons place on them. The EU and its member states have attempted to salvage this situation by proposing and ratifying laws such as directives, regulation and articles in law, as shall be seen forthwith. First, it is important to note that even in the face these challenges, EU has never made any dereliction on the right to free...
6 pages (1506 words) Essay
EU Telecommunications Policy
Consequently, the sphere of telecommunications was regarded to be the natural monopoly of the state while administrations and enterprises that provided communication services traditionally belonged to the public sector. The only exceptions were Spain and Italy, where mixed public-private or fully private companies offered telecommunications services (Noam 1992).
10 pages (2510 words) Case Study
European Employment Policy
Therefore minimum wage laws have been introduced which foresee crisis of unemployment, if fewer employers are interested to hire labor, where as more people are willing to offer their services. Therefore, the law intends to maintain the equilibrium, to avoid social and economic turmoil.
12 pages (3012 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!