A new report commissioned from KPMG by the Society of Motor Manufacturers and Traders (SMMT) has highlighted a £74 billion opportunity for the UK if the industry fully embraces digitalisation over the next two decades. Automakers and parts suppliers are utilizing vertical and horizontal strategic alliances with the expectation that they will facilitate the development of new products and the spread of automotive productive capacity to new geographic regions. When the automobile industry began to establish itself in the early years of the 20th century, it relied mostly on craftsmen: cabinetmakers, upholsterers, molders, foundrymen, and others skilled in the metal and woodworking trades. Further, he wanted to build worker loyalty; he wanted his workers to have jobs for life with his company.
They felt that Chrysler would go bankrupt even with a bailout, and that Ford didn’t really need it. The main impact from the bailout was to save jobs …Read More