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A Successful Transformation?Restructuring of the Czech Commercial Vehicle Industry

A Successful Transformation?: Restructuring of the Czech Commercial Vehicle Industry 4 Restructuring of the Czech Commercial Vehicle Industry The growing Western literature dealing with the car industry in CEE suffers from two biases. First, it is mostly interested in passenger car manufactur- ing, largely ignoring producers of commercial vehicles and the supplier in- dustry. Second, most studies focus on the effects FDI and related radical transformations in the industry, while paying much less attention to enter- prises that remained domestically owned. However, commercial vehicle manufacturing and components manufacturing underwent in many ways different but no less dramatic changes. Compared to passenger car manu- facturers, only a few large producers of commercial vehicles have been privatized through FDI. Many have been sold to company managers or “privatized” through governmental schemes such as voucher privatization (see Chap. 5). As we could see in Chap. 1, since 1990 production of com- mercial vehicles in CEE has virtually collapsed, whereas passenger car production has been growing as a result of massive FDI into the sector. Between 1990 and 2006 production of commercial vehicles declined by 71% (from 884,261 units in 1990 to 258,012 units in 2006). Poland was the only country that recorded increased production of commercial vehi- cles by 142% during this http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Successful Transformation?Restructuring of the Czech Commercial Vehicle Industry

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Publisher
Physica-Verlag HD
Copyright
© Physica-Verlag Heidelberg 2008
ISBN
978-3-7908-2039-3
Pages
127 –155
DOI
10.1007/978-3-7908-2040-9_4
Publisher site
See Chapter on Publisher Site

Abstract

4 Restructuring of the Czech Commercial Vehicle Industry The growing Western literature dealing with the car industry in CEE suffers from two biases. First, it is mostly interested in passenger car manufactur- ing, largely ignoring producers of commercial vehicles and the supplier in- dustry. Second, most studies focus on the effects FDI and related radical transformations in the industry, while paying much less attention to enter- prises that remained domestically owned. However, commercial vehicle manufacturing and components manufacturing underwent in many ways different but no less dramatic changes. Compared to passenger car manu- facturers, only a few large producers of commercial vehicles have been privatized through FDI. Many have been sold to company managers or “privatized” through governmental schemes such as voucher privatization (see Chap. 5). As we could see in Chap. 1, since 1990 production of com- mercial vehicles in CEE has virtually collapsed, whereas passenger car production has been growing as a result of massive FDI into the sector. Between 1990 and 2006 production of commercial vehicles declined by 71% (from 884,261 units in 1990 to 258,012 units in 2006). Poland was the only country that recorded increased production of commercial vehi- cles by 142% during this

Published: Mar 4, 2008

Keywords: Commercial Vehicle; Production Capital; Limited Liability Company; Majority Shareholder; CMEA Country

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