Sample Essay

The article argues that big motor shows are a good indication of automobile industry trends and preferences and car shows that took place in various parts of the world including Paris, Detroit and Geneva throughout the past year reflected a huge downturn and the worse was expected. Although expectations were quite low environment of the car show held in Frankfurt in the second week of September implied that industry players were reassured that the shoddier part of the crisis was over but the show also signaled signs of long term business slowdown.

The financial crisis had crippled automobile manufacturers with several large companies on the brink of bankruptcy. The positive signs were welcomed by the international car industry as credit starts becoming available to the industry and profit figures start displaying signs of recovery. Almost all car manufacturers were hit substantially by the financial crisis around the world with the exception of China where the impact is not as strong as in other parts of the world like Europe and America.

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