GlobalAutoIndustry.com CHINAtalk eJournal, October 2009
China Automotive News, September 29, 2009
In my recent article China's Next Revolution: Transforming the Global Automotive Industry, I brought forth the argument that some readers have found controversial: that China is the catalyst behind the restructuring of the global automotive industry. Some believe the automotive industry is undergoing change because of the global economic crisis, which has little to do with China. Still others believe that the restructuring is a result of mismanagement and that major OEMs can be restored to greatness with a change to new leadership possessing sufficient vision to adopt a new course.
However, I believe we are witnessing the early stages of an economic revolution: a shift of the global center of gravity of economic strength towards the east, which will result in profound changes in numerous industries. As an economic bellwether, the automotive industry captures a great deal of interest. However, it is apparent that there are many who still do not comprehend that the changes are in fact fundamental and irreversible.