1. The latest vehicle recall is GM´s
The decision follows global recalls of more than 8 million vehicles by Toyota Motor Corp.
It shows that massive quality problems in this depressed industry are not unique to Toyota
Complex global supply chains that are hard to manage and a supplier base that is worn out
from years of drastic cost cutting are the reasons, which means there is much more to come
New Commercial Vehicle Auto Industry Demographics
Registrations in the EU Weaken in the U.S. Passenger Car In
Millions of units % change y/y Production in million
1 +1.7 18 Forecast the EU 27 units
Q 17 1.1
0
-2.0 1Q2008 4.52
16 US new
8 %
change
-10.0 15 vehicle 0.9 2Q2008 4.54
14 sales
y-o-y
T -23.2 13
Left scale
0.7
3Q2008 3.64
o
Vehicle buying
-35.8 12
population
4Q2008 3.23
3 11 Right scale
0.5
Q -38.0 10 1Q2009 2.95
0 9 Source: Scotia Economics 0.3
9 -31.4 2Q2009 3.60
From 1994 to 2014
Source: EU Economic Report 11/2009 3Q2009 3.46
March. 3, 2010
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