Rowman & Littlefield Publishers
Pages: 192
Trim: 5¾ x 9
978-0-7425-2829-1 • Paperback • August 2003 • $54.00 • (£42.00)
John A. C. Conybeare is professor of political science at the University of Iowa.
Chapter 1 I Introduction: One Hundred Years of Consolidation
Chapter 2 II Cost-Cutting Imperatives
Chapter 3 III The Quest for New Products and New Markets
Chapter 4 IV The Lure of Market Power
Chapter 5 V Sovereign States and Corporate Governance
Chapter 6 VI Conclusion: Economics, Politics, and Strategy
The world of automotive mergers and acquisitions is shrouded in a mist of rhetoric that tends to conceal what is really going on. In Merging Traffic Conybeare deftly cuts through fuzzy thinking to get to the core motivations for automotive mergers and acquisitions. The lessons learned should provide useful guidance for managers now pondering the next big target to acquire. I highly recommend this book, as it stands alone in the field for its comprehensiveness and its clarity of thought.
— Glenn Mercer, director, Automotive Services, McKinsey & Company, Inc.
After a period of frenzied mergers in the global automobile industry, many vexing questions regarding the reasons for and seeming lack of benefit from those mergers remain. Are we to be left with merely a desire for corporate size and power as the reason for mergers? Merging Traffic offers some tantalizing evidence and conclusions. No one seriously interested in the industry, from executives to stockholders to analysts to academics, can ignore this superbly presented and argued volume on the failed promises of so many highly touted auto industry mergers.
— Robert R. Ebert, Baldwin-Wallace College
Merging Traffic is a readable and fascinating account of the economics and politics of the wave of mergers that has left five major auto groups controlling more than fifty percent of world auto sales. Filled with insights into the dynamics of mergers, this book is essential reading for anyone who wants an up-to-date account of the evolution of the world's auto industry.
— James A. Dunn, Jr., Rutgers University
A must-read for auto industry executives and regulators. Highly recommended.
— Choice Reviews
From high tech boom to dot-com bust, the automobile remains at the core of industrial economies. This book provides an invaluable road map for navigating the highways and twisting byways of the international automobile industry and it illuminates important aspects of industry dynamics and economic globalization.
— Jonathan Aronson, University of Southern California