Lest you think that America’s automakers are the only ones struggling these days, you’d be missing something that is quite apparent: the global auto industry is in the doldrums with some manufacturers struggling just to survive.
As in any crisis, car companies are figuring out ways to weather the slump, brought on by a worldwide recession that has plunged demand for new vehicles. Excess car capacity needs to be cut in order to realign with demand and there are a number of different ways that automakers are responding to this challenge.
Let’s take a look at some of the key changes being introduced by select automakers in a bid to stem the slide:
Volkswagen: One of the few companies actually …