THE SITUATION OF AUTOMOTIVE SECTOR ENTERPRISES IN ECONOMIC CRISES: THE CASE OF TURKEY AND THE EUROPEAN UNION
THE SITUATION OF AUTOMOTIVE SECTOR ENTERPRISES IN ECONOMIC CRISES: THE CASE OF TURKEY AND THE EUROPEAN UNION
Author(s): Mikail Erol, Şaban Onur Viga, İbrahim Bora OranSubject(s): Supranational / Global Economy, Business Economy / Management, Health and medicine and law, Globalization, Socio-Economic Research
Published by: Sage Yayınları
Keywords: Economic Crisis; Mortgage Crisis; Covid-19 Crisis; Globalization; Automotive Sector;
Summary/Abstract: The effects of economic crises have different impacts on all sectors. The results of concerns vary depending on the cause, size, speed of spread, and economic power of countries. Businesses in different sectors are in a difficult situation. Companies take measures to reduce and overcome the crisis's effects with almost minor damage. In this study, the automotive industry and its enterprises are analyzed. In 2008, the financial crisis caused by mortgage loans in the USA and the health crisis that started due to the pandemic that beaning 2020 became globalized. The effects of these crises, which affected all sectors in quickly the automotive industry, are industry gated. The effects of products rising in situations in the European Union are compared. As a result, different effects of globalization and technological innovations are tried to be revealed.
Journal: TURAN-SAM
- Issue Year: 15/2023
- Issue No: 57
- Page Range: 11-19
- Page Count: 9
- Language: English