Automotive Industry Competition among Transnational Companies

Globalization along with the liberalization of foreign economic flows have become a driving force of economic growth, a process that encourages both the national and international business environment and also the players in the international field and the competition among them. The 21st century is a true challenge to transnational companies. It is becoming increasingly difficult to keep oneself on top. Although there are regional differences, the most profitable automotive transnational corporations whether they are Japanese, European or American, are engaged in their transformation process and in that of global capitalism structure, in order to further strengthen their power.