Executive Summary: The purpose of this report is to figure out the impacts and effects of GFC over the Australian Motor Industries which is said to be owned by TOYOTA, and this company has its own reputation for their products among the several other Automotive Industries in the present era. However even this industry has undergone a severe impact in accordance with the Global Financial Crisis which is said to be briefly discussed in this report. And entirely this report is done only in accordance with the Strategic management which has the various stages of analysis that evaluates about the industry in all the perspectives possible, further which some recommendations are been suggested to handle this Financial Crisis which ends the report with a positive note and even it creates a positive impact towards the Australian MOTORS (AMI). 1.Introduction: Than saying the Australian car industry was killed it could be said that it was a victim of what IMF chief Christine Lagarde calls the orge of deflation. Till the previous year according to ABS the car prices are said to fall around 2.8 percent even though the dollar was depreciated 15 percent, so it wasn’t the dollar which was the reason for the deflation in the industry. Inflation is said to be kick started during the month of December, which made a fall even in the field of computers, TVs, fuel as well, during which there was a hike in price of the other products and regarding with the wages it rose till 3 percent and 10 percent in the field of real estate. The initial stages of deflation was due to the presence of new technology and Automation devices which reduced the usage of workers inside the factorie... ... middle of paper ... ...ng with protecting the environment these industries must take an initiative to produce electric or solar cars which also reduces traffic, congestion, and pollution, as well as the cost spent on petrol will be less since the OIL cost is high. 4. Conclusion: The above discussed are the impacts of Australian Motor Industry during GFC and the SWOT analysis that is to be implied during any deflation or financial crisis. As mentioned above those are some of the recommendations which can be implied in the industry as well for a better future, and finally the Australian government should directly come forward to help the industry as well as the workers. 5. References: (Kohler, 2014) http://www.abc.net.au/news/2014-02-13/kohler-the-ogre-of-deflation/5256662 (Adhanhoa, 2006) http://www.studymode.com/essays/Toyota-Swot-Analysis-77330.html
The car manufacturing industry is an important pillar of the world economy affecting daily lives of people globally in many ways i.e. by creating job opportunity, introducing advanced technology and improving country’s economy. Likewise the car manufacturing industry in Australia plays very important role in Australia’s economy as well as is an important source of employment, employing thousands of employees. Automotive company like General motors Holden has helped Australia globally recognized as
Summary of case study Toyota Australia, the leader in Australia automotive industry, immediately expressed its fear that facing unpredictable pressure and they would continue with their transformation plan after General Motors Holden announced to exit car manufacturing in Australia. It is true that Toyota is considering whether leave Australia automotive market but it is not decided. However, David Smith, secretary from the Australian Manufacturing Workers Union, said it was almost be true that Toyota would
trade agreement they have ever signed. It threatens Australian jobs, skill assessments will be void, as well as the existing FTA’s have not benefited Australian industry. Some may wonder what a free trade agreement is. A free trade agreement or more commonly known as a FTA are international treaties that reduce barriers to trade and investment. FTA’s allows the participating countries to effectively drop tariffs, quotas, country specific
automobile industry ranks among the crucial significant business phenomena of the twentieth century and remains vitally important today. Other words, the world’s automobile industry has played an important economic role (Wynn-Williams, 2009, p. 2). It is now is one of the largest industries in the world, the industry of industries (Drucker, 1972 , p. 176). It can be seen that there exists a fairly wide degree of consensus among car industry commentators over a large number of issues. The industry has found
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beef to be exported yearly. Australia sells beef products to Korea, Japan, and America. The beef industry in Australia is divided into two sections the northern and southern production systems. The reason they are divided into two systems is because different cattle breeds are inclined to different climate c... ... middle of paper ... ...om.au/industry/agribusiness/assets/Australian-Beef-Industry-Nov11.pdf Wikipedia, the free encyclopedia (9 December 2013 ) retrieved from http://en.wikipedia
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Introduction One of the best ways of improving corporate image in the automobile industry is by ensuring that the industry satisfy the needs of consumers. These needs would include the utility derived from their product, the safety assurance of the brands and the overall best performance in the lifetime assessment as for the environmental effects. There is a global concern over the carbon dioxide emission in the Automobile industry and the consumers are now given a chance to adopt a lifestyle that is caring
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Recently, there has been growing effort from Tesla to improve their energy services in the Australian market. An example of this being in an article (Harvey, 2017), which discussed the largest lithium-ion battery system, which they created in South Australia, with the purpose of preventing another state-wide blackout. Tesla’s values are based around creating a sustainable environment for society
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