Let me start by making a disclaimer: The acquisition of a car will not be a purely financial choice. Labour productivity within the automotive sector, as measured by real output per hour worked, advanced markedly in two of the final three years, together with a 17.zero% increase in 2012 (Chart 9). Cumulative productivity positive aspects from 2009 to 2012 in automotive industries amounted to 22.5%, reflecting increases of forty five.5% in output and 18.8% in hours labored.
Conventional automotive players which are below steady pressure to cut back prices, enhance fuel effectivity, reduce emissions, and become extra capital-environment friendly will feel the squeeze, likely leading to shifting market positions within the evolving automotive and mobility industries, probably leading to consolidation or new forms of partnerships among incumbent gamers.
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