Aug 02, 2017

Economics of the auto industry

This paper concentrates on the primary theme of Economics of the auto industry in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Economics of the auto industry

INSTRUCTIONS:
Research the Internet, or printed media sources to locate an article pertaining to the economic activities of an industry. (“Economic activities” include expanding, downsizing, outsourcing, merging, reorganizing or liquidating.) Prepare a 5-minute oral presentation on the article. The main issues discussed in the article should be identified and analyzed from a microeconomics perspective. Include in your presentation your reasons for selecting the article and your recommendations for resolving the main issues. Write a 350-word summary of your presentation. Give a hard copy of your summary to your instructor just before you make your presentation.
CONTENT:
Economics of the auto industryName:Institution:Date:Even though, chapter 11 Bankruptcy came into being in the 19th century when railroad companies had a bigger proportional the manufacturing industry, it is still relevant today. Similarly, the auto industry in the US used the Bankruptcy reorganization after the global down turn of 2008 -2009. General Motors (GM) announced in 2009 that it was going to close many outlets and file for Chapter 11 Bankruptcy reorganization to avoid going into bankruptcy courts (Krebs, 2012). Chrysler also experienced problems after there were substantial car sales in the auto industry which led to massive job losses resulting to the same measures as GM. Consequently, the Obama Administration resulted to bailing out the large firms of the industry to avoid further damage to the economy (Krebs, 2012).Before there was a bail out from the government, there was downsizing in the i...


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