buletin ştiin ific - Facultatea de Stiinte Economice - Universitatea din ...

The competitiveness of the European automobile industry in financial crises conditionsWorld Passenger Car Production (% share) in 2007Figure no.16%7%2%3%4%33%2% 0%12%12%19%NAFTAJapanChinaEU27South KoreaSouth AmericaAsia-OthersIndiaEurope-OthersRussiaRest of the worldSource: EU Economic Report, July 2008In the figure no.3 we can see that in 2007, the automobile production in Europe increased by5.5% in 2007. Passenger cars accounted for 87% of the production, an increase of 5.5%compared to 2006. In real figures, this means that the car production increased from 16198 in2006, to 17082 in 2007.Passanger car production in Europe in 2007/2006Figure no.217200170001680016600164001620016000158001560016198170822006 2007Source: EU Economic Report, July 2008A particularly solid growth was noted in the truck sector (+16%) thanks to a booming demand onthe European markets. The production of light commercial vehicles also went up (+3%) whereasthe production of buses declined by 13%. New EU member states posted a 25.4% growth inautomotive production and accounted for 15% of total EU motor vehicle production and 17% ofpassenger car production by the end of 2007.In real figures the growth was from 1860 in 2006 to 1910 in 2007 for light commercial vehiclesand from 577 in 2006 to 688 in 2007 for commercial vehicles. Regarding busses we observe thattheir production confronted with a decrease from 41 in 2006 to 36 in 2007.24