Local Motors Case Study Analysis

In her call to action, The People’s Platform; Taking Back Power and Culture in the Digital Age, Astra Taylor addresses underlying social and economic forces of the internet and differential perspectives towards it. Taylor discusses the new internet in which content is king and, people are now the product, this is called Web 2.0. She discusses this topic from a couple viewpoints; those who would believe that the internet is truly the new people’s platform and that it is the golden age of sharing and collaboration, called the Techno-optimists. The counterparts of this interpretation of the internet are what she calls the Techno-Skeptics, who have a similar mindset in that of Nicholas Carr, an author about technology in the modern age, with the

In the hyper competitive world of today’s mega corporations controlled by the sway of the stock market, giant old industrial era companies rule over the automobile market in the United States as well as large parts of the global automobile market. Companies such as General Motors, Chrysler, and Ford were at the center of it until the economic crisis now known as the Great Recession of the late 2000s. The whole market was declining in sales with General Motors and Chrysler taking the biggest hits while Ford only suffered decline comparable to foreign automakers’, Honda and Toyota, levels due to restructuring in prior years. However, the tipping point was edging closer to bankruptcy with General Motors and Chrysler that ultimately

With the upcoming Presidential election, there is a very real possibility of big political challenges; as well as, major changes to international trade policies facing the American Automotive Companies. Political changes, locally and abroad, are having an effect on the automotive industry. Britain recently voted to exit the European Union; this event, which is being called Brexit, is having a ripple effect across the world. The full result of Brexit won’t be known for two years or more, but with the automotive industry having such a large presence in the U.K, an anticipated change is in full effect. In general, for the next two years, global automakers will need to pay attention to the market; be prepared for unanticipated changes; and ready for the possible need of contingency plans. This is especially crucial as negotiations take place between Britain and the EU. Ian

In 2008, the auto industry lost millions of dollars daily due to a deficit in auto loan financing. Years of collective bargaining with unions and a lack of fuel efficiency incentives caused the heartbeat of the big three auto industry to nearly flatline. These problems left them with only two alternatives, face bankruptcy or accept a resuscitation life line.

Investopedia, the American auto industry has struggled to keep U.S market shares higher than they were

Between 2008 and 2009, the American automotive industry incurred a major crisis, on the heels of the housing market collapse occurring in 2007 (Klier & Ribenstein, 2013). General Motors was already in a financial vulnerable situation at this time, having already filed a $10.6 billion dollar loss three years earlier (United States Securities and Exchange Commission, 2005). In 2007, General Motors losses for the year were $38.7 billion and its sales had dropped a full forty five percent from the year before (Weardenm, 2009; Usborne, 2008). By the end of 2008, the company was in such bad shape that analyst predicted that the company would have the liquidate or discontinue operations without any assistance from the government (Bosco & Plante,

Contributing 3 percent to 3.5 percent to the overall Gross Domestic Product, the automotive industry is essential to the United States’ economy.1 The automotive industry would critically affect our national economy if it ceased to exist. In 2008 through 2010, the automotive industry suffered a crisis. Many things lead up to the crisis, putting the economy into an unstable condition and putting distress into the minds of the American people. This forced some of the country’s automakers to go into bankruptcy, causing a fall in the workforce. Eventually, the crisis was solved, and the economy returned to its stable state. This whole disaster started through one event. Fueled by the 2008 recession, the automotive industry suffered a crisis that hurt the United States’ national economy.

In 1913, Henry Ford revolutionized product manufacturing by introducing the first assembly line to the automotive industry. Ford’s hallmark of achievement proved to be a key competence for the motor company as the low cost of the Model T attracted a broader, new range of prospective car-owners. However, after many decades of success, customers have become harder to find. Due to relatively new threats to the industry, increasing numbers of cars and trucks are parked in dealer lots and showrooms creating an alarming trend of stagnation and profit erosion. Foreign-based automakers, such as Toyota and Honda, have expanded operations onto domestic shores and, in turn, have wrestled

Castells believes that the formation of the network society began with a revolution at the start of the 1970s, spawning the information age through technological advancement. At this time, new inventions showcased a new principle of networking and promised significant benefits in comparison to the industry standard at the time. Whilst

The two common believes about the automotive aftermarket industry (recession-proof industry and customers will buy under all circumstances) have changed; due to 2008 economic

The fact is the world is trying to move past the restraints that create inefficient business and communication. Information technology provides a means to move beyond the slow and financially consumptive methods of doing business. The network society is the framework in which these practices can be implemented. As time goes by, technology is becoming more and more a fundamental component of living in this world. Unless a given society, community or business stays on the forefront of technological innovation, it will be left behind, only to grow further and

Global COMPETITION in the industry: Global competition has expended in the auto industry because of an increase in global trade. This has resulted in the decline of sales in the American auto industry whilst sales in the Asian industry especially China has increased. In 2009 sales in the U.S. hit their lowest point meanwhile, it doubled in Asia generally, especially in China. (loc.gov. 2014). One of the reason for this decline in the American Auto sales is because the Japanese automakers have altered the U.S. manufacturing models and are selling it in the global market at a less expensive rate. The price and innovation is attracting a lot of customers’ to this part of the world leaving the American industry to suffer.

The company understands the risks for working with U.S. auto industry especially during the recession in 2008, so they venture out to produce four new business units to minimize it by looking into investing on early-stage opportunities.

Running under the house of GrinarSoft Pvt Ltd, we at CarBay Vietnam aim to become the biggest online auto-portal of the country. Launched in the year 2015, CarBay has become the most rapidly growing e-portal of the country, which is expanding its footprint in various sectors of the car-ownership experience. It is an interactive resource that can be accessed by a touch of the finger and can help its users to gather quality information and recent happenings around the automotive domain.

The characteristics of the global motor vehicle industry are a boom in certain places and a bust in others all due to economic conditions in different nations. Four years after tow of Detroit Michigan’s big three went into bankruptcy American car makers are going “full throttle” with sales in August hitting an annual rate that if substantiated can take them back over 16 million and that is a rate that was last hit before the economic crisis and 80% higher than 2009 when GM and Chrysler went into bankruptcy. The opposite is happening in Europe being in its sixth year slump now and with a weak economy, high petroleum prices and an aging