5881. International — Auto Consolidation
- Publication Date:
- 06-2002
- Content Type:
- Policy Brief
- Institution:
- Oxford Analytica
- Abstract:
- Fiat announced a sharp fall in May car sales in Italy on June 5 and its debt is under review for a possible ratings downgrade. The world's sixth-largest car maker is one of many manufacturers facing difficult profitability conditions. Global sales volumes in the industry have remained high, but profits have not followed suit. Mergers, the most rational panacea, are confounded by bitter experience.
- Topic:
- Economics, Industrial Policy, and International Trade and Finance
- Political Geography:
- United States and Europe