Automotive Industry: Detroit’s Cultural Change
Automotive Industry: Detroit's Cultural Change
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Once upon a time it was known as the world's traditional automotive powerhouse, but unfortunately 'Detroit' is no longer a symbol of power within the global automotive industry. Detroit's automotive industry has been forced upon a cultural change as a pure form of transformation, which was radical and fundamental. This cultural change involved changing the basic values, norms, and beliefs, in order to significantly improve performance. A mission that appeared impossibly daunting with numerous obstacles: collapse of market shares, overwhelming structural costs, profuse bleeding of cash.
The unusual suspect character that led the effort had no automotive or governmental experience. Steven Rattner left his Wall Street position, and straight into the largest restructuring attempt in American history. The scale and speed of the rescue raised many more questions, especially within the automotive circle. Rattner, who led the task force, believed passionately that the decision to intervene prevented a colossal economic collapse. Part of the suspicion was caused by the appointment of a 'non-car czar' to come to the rescue of a passionate industry.
