terça-feira, 13 de agosto de 2013
TEc - A washout - On Italy's contracting industrial muscle
Reply to a comment posted by a fellow reader:
I do hope that I am overstating the case. The coming years will tell.
It is welcoming to know that Italy's trade balance is showing strength. This is certainly owing to the resilience of successful producers who've managed to adapt to changed global market conditions.
While motor-vehicle production may not account for the main chunk of the country's diversified manufacturing it has long been a relevant part of it nonetheless. It is also a pointer and carries a whole host of ancillary producers making components.
Italy's depressed car market still ranks among Europe's top 4. Sales remain in the vicinity of 1.5 - 2 million units/year give or take.
Italian-owned factories abroad - mainly FIAT brands - are filling the shortfall at home caused by those miserly production levels.
Formely FIAT used to operate worldwide from a position of strength at home.
I do believe there are a number of home-grown reasons why this has happened so consistently and so fast.
Anyway, the main point is Italy cannot afford continued relocation of industry.
Should this be the case every effort must be made to halt and reverse it.