Financialisation in the Automotive Industry by Marcelo Jos d... - 9780367751401

Financialisation in the Automotive IndustryCapital and Labour in Contemporary Society\nAuthor(s): Marcelo Jos do Carmo, Mrio Sacomano Neto, Julio Cesar Donadone\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367751401, 978-0367751401\nSynopsis\nWhere presidents or members of affluent families were previously seen, it is increasingly the case that car manufacturers are owned by banks and investment funds which have taken control of the entire economic life of these firms. This has significant impact on the terms of employment and layoffs, wages and precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations.\n\nThis book explores this increasing financialisation the predominance of the financial sector over the productive sector in the automotive industry. In particular it is shown that the financial operations of th.