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The
automotive industry is going through some
dramatic changes. Here, in North America
giants like Ford and General Motors are dramatically
reorganizing to be competitive in the global
market. This was further verified by the
recent restructuring plan that Ford presented
to its global audience. If we look at the
automotive industry for the past five years,
it is quite apparent that major manufacturers
like GM, Ford, Renault/Nissan, and Daimler
Chrysler have gone through or are undergoing
major restructuring. This is necessary to
compete and survive in the global arena.
Same can be said about suppliers. Suppliers
at all levels are facing tremendous cost
pressure, increase energy cost, and increase
competition from global players. This is
not going to change anytime soon.
A lot of attention at present is being given
to countries like China and India and their
present and future capabilities in the auto
industry. There is no doubt that regions
like South and Central Asia, South America,
Eastern and Central Europe, and Africa present
enormous opportunities as well as challenges
for the auto industry. The innovation and
drive though will still come from North America.
This is still very true for North America
is still the largest market for the industry
as a whole. This fact is verified by how
well new domestics such as Toyota, Honda
and Hyundai are doing in this market.
The Global Automotive
Conference (GAC) was created in 2000 to analyze
and benchmark new ideas that will affect
this industry. Now in its seventh year, GAC
brings together executives, senior and middle
management of automotive assemblers, suppliers,
and service providers to discuss issues and
action plans with government participants
and educators from advanced learning institutions.
Toyota and Johnson
Controls Sponsor Minority Workshop
GAC
Information in Russian
Executive Vice
President and Chief Operating Officer of
the Americas, of Ford Motor Company to Speak
at the Seventh Annual Global Automotive Conference
