![]() Significant environmental impacts occur throughout the lifecycle of passenger vehicles. Keywords: Industrial clusters, Innovation, Automotive industry, Vehicle manufactures, Component suppliers, West Midlands This paper provides further understanding of the impact of these changes on the position and economic performance of the region, while discussing some policy implications. Increasing interdependencies between vehicles manufacturers and first tier component suppliers are also taken into account. This process of strategic transformation of the West Midlands may involve a process of specialisation based on premium manufacturing, engine design and development, and further local collaboration at different levels. As part of an ongoing research, this paper proposes some future research questions and argues that the automotive industry retains considerable potential for future development of the region, providing it manages a process of restructuring. As the manufacturing industry that makes up a significant share of WM activities faces global challenges, the future prosperity of the region depends on how MNCs perceive the location-bound advantages that it offers. In the pursuit of creating differentiated networks of dispersed operations, multinational corporations seek locations that can bring some added value in terms of competencies and capabilities. We critically assess the activities of the vehicle assemblers and tier-one component suppliers in the WM in the process of knowledge creation and innovation, while focusing on inter-firm relationships. We examine the evolution and role of multinational corporations (MNCs) in the restructuring of the automotive industry in the West Midlands (WM), traditional heartland of the UK automotive industry.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |