Gkn driveline en crisis - Bookshelf
and incremental stake-building paid dividends again when the Asian financial crisis struck in 1997. That temporarily depressed Asian sales, but created the opportunity for Driveline to accelerate its moves to control Asian joint ventures: it ...
About this book
The company that became GKN was forged in the first fires of the Industrial Revolution. And through the two-and-a-half centuries of its remarkable life, GKN has proved a master of Industrial Evolution. From a single blast furnace fuelling a tiny iron works on a remote Welsh hillside, GKN was built by a group of men – and one woman – into a world leader. Not just once or twice, but many times, it has changed shape and direction to hold its place at the forefront of the engineering industry. When iron gave birth to the worldwide railway boom in the early 1800s, GKN was there. It was among the first to seize the opportunities created when steel superseded iron in the 1860s. After the First World War, GKN moved into the 20th century’s greatest new industry – automotive. Late in the century, when aerospace began to be transformed by the use of new materials, GKN was at the leading edge. Geographically too, the company has evolved. As the balance of economic growth has shifted, from Britain in the eighteenth and early nineteenth centuries to America, continental Western Europe and Japan in the 20th and on to the emerging powers of Asia, Latin America and Eastern Europe in the 21st century, the group has moved with it and frequently ahead of it. Today, the businesses that comprise GKN reach from the US to the eastern shores of Japan, from northern China and India to South Africa, Latin America and Australia. GKN is a truly global corporate citizen. This is its remarkable story.
In contrast with what is expected under the 'life cycle' model of industry development, the 'crisis of cost recovery' facing ... In the West Midlands this leaves first-tier firms such as GKN (drivelines), Dana (axles), Bosch (lighting), Delphi (engine ...
About this book
Economic restructuring has been a notable feature of so-called mature industrial economies such as the UK and Australia in the last two decades, with deregulation, privatisation, technological change and globalisation combining to reshape such economies. Some industries have grown, while others have declined. Moreover, while overall employment in the UK and Australia has grown, many newly-created positions require skills not found in the industries shedding labour, or are in casualised and low paid occupations. Many lesser-skilled workers leaving declining industries are therefore at risk of long-term unemployment or leaving the workforce entirely. Both mental and physical health can be affected after redundancy. It is therefore crucial that the measures put in place in many domains of social policy (such as formal health policy, employment assistance, community development, housing assistance and so on) to adequately address the difficulties confronting this group. This volume takes a closer look at the impact of manufacturing - notably automotive - plant closures in the UK (Birmingham) and Australia (Adelaide) in recent years and policy responses to those closures. It attempts to tease out differences in policy response and effectiveness, and attempts to identify areas where policy could be made to work better in terms of adjusting to large scale manufacturing change and resulting job losses. In so doing, it begins, for the first time we believe, to take a comparative approach to understanding the impact of plant closures and policy responses. This book was published as a special issue of Policy Studies.
It is riven with internal contradictions that inhibit reform, and faces a stark choice between years of strife or radical change. This book is a wake-up call for those who work in the automotive business.
About this book
The automotive industry ranks among the most significant business phenomena of the 20th century and remains vitally important today, accounting for almost 11% of the GDP of North America, Europe and Japan and one in nine jobs. In economic and social terms alike, its products have had a fundamental impact on modern society - for better and worse. Yet the industry has found it hard to adjust to recent challenges and is no longer much valued by the capital markets. It is riven with internal contradictions that inhibit reform, and faces a stark choice between years of strife or radical change. This book is a wake-up call for those who work in the automotive business. It highlights the challenges and opportunities that exist for managers, legislators, financial institutions and potential industry entrants. Most of all, it gives us all cause to reflect on the value of our mobility, today and tomorrow.