UBS：全球汽车市场－并购正在变得愈发无法避免吗？

Are Automotive Mergers and Acquisitions Becoming More Inevitable

Global Autos Research 19 January 2007

72页　　英文

Contents page
M&A is back on the agenda 3
Identifying likely M&A moves 9
Our best M&A ideas 12
The industry needs a solution 20
M&A has restored discipline in other sectors 23
The track record of M&A is poor 26
The main drivers of M&A 28
Are rising technology costs the new driver of M&A? 30
Scale doesn’t often drive profit 35
Why scale effects disappoint: A bottom-up analysis 39
Scale effects: Product development 45
Scale effects: Purchasing 47
Scale savings in purchasing: A detailed model 52
Scale effects: Manufacturing 56
Scale effects: Distribution 61
The dark side of EOS: Diseconomies of scale 63
Emerging markets: Creating more players, not less 65

[此贴子已经被作者于2007-2-22 22:03:00编辑过]