Impact of the Recession on the US Auto Industry

Introduction As the country falls into the current economic downturn, the automobile industry and its labor force can be even more hurt than other industries. A few years ago, the most troubling was the housing construction industry but it was first, but in the second year I gave this position to the automobile industry. Why is this industry more interesting and complicated than any other industry? There are several factors that will have a major negative impact on the industry, its achievements, and the labor force.

The US recession (which caused the world economic recession) began in 1997 and had a major impact on the US automobile industry during recession. During the ongoing economic recovery, the US automobile industry is still affected by the economic downturn. Mr. Chu and Sue said, "One of the most seriously damaged industries in this recession is the automobile industry and residential and financial markets Chrysler and General Motors are bankrupt. It was destroyed and accounted for 36% of total industry employment. "

At a certain level, the seriousness of the economic crisis is, inter alia, to stimulate the economy, reduce the economic impact of the Great Depression on states and regions, save the automobile sector, and provide a new regulatory system to the financial industry We need aggressive federal action. The first 18 months of the government was comparable to the New Deal within the economic scope and Federal lawsuits. The top competition in primary and secondary education shows that President Obama is the most ambitious. The country is required to compete for a relatively small number of federal educational resources. In exchange for these funds, the state will use one of the four defined strategies to raise the charter school's upper limit, improve the performance of low-school schools,

The global economic downturn shocked the global automobile industry and pressured the Indian auto industry. India is a strongly growing economy, but the blow to recession brought a red mark on the entire balance sheet of the Indian economy. Therefore, the second challenge is that TATA Motors experienced a recession that began in the 2008-09 season when TATA NANO, the project of Latan Tata's dream to make the cheapest car in the world began. The impact of the economic downturn has a direct impact on the future of the project and how to reduce nanocost to 100,000 rupees ($ 25,000)