Automobile Industry

The automobile industry right now is not as good as it used to be a couple of years ago, where big companies such as General Motors Corp., Ford Motor Co.and, DaimlerChrysler AG delighted themselves seeing how their sales and profits increased in their quarterly report. Now instead, is the flip side of the coin, where these big companies and many others endure slumping sales, not only nationwide also globally speaking. The big question now …

…with trade conflicts, maintaining that Mercosur should follow the example of the European Union (EU). The economic downturn in Latin America during 1999 put strains on Mercosur throughout 2000, with governments turning to trade protectionism to shield their fragile economies. In July 1999 Brazil suspended talks with Argentina in protest at new restrictions on its exports, and relations between member countries remain strained as the effects of the economic slowdown in Latin America continued to be felt in 2000