{"product_id":"financialisation-in-the-automotive-industry-capital-and-labour-in-contemporary-society","title":"Financialisation in the Automotive Industry: Capital and Labour in Contemporary Society","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eCar manufacturers are increasingly being owned by banks and investment funds, which has significant implications for employment, wages, layoffs, inequalities, executive compensation, and short-termist strategies. This book explores the increasing financialization of the automotive industry, showing that the financial operations of these companies are now more profitable than the manufacturing aspects. It studies the impact of financialization at the world's five largest automakers, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers' salaries, dividend payments to shareholders, and employment. \u003c\/blockquote\u003e\u003cp\u003e\n                                                            \u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\n                              \u003cstrong\u003eLength\u003c\/strong\u003e: 142 pages\u003cbr\u003e\n                              \u003cstrong\u003ePublication date\u003c\/strong\u003e: 09 July 2021\u003cbr\u003e\n                              \u003cstrong\u003ePublisher\u003c\/strong\u003e: Taylor \u0026amp; Francis Ltd\u003cbr\u003e\n                          \u003c\/p\u003e \u003cp\u003e\u003cbr\u003eThe ownership of car manufacturers by banks and investment funds has significantly impacted the terms of employment, layoffs, wages, precarious work, growing inequalities in income strata, compensation levels for executives, and the implementation of short-termist strategies across business operations. This book explores the increasing financialization of the automotive industry, which has seen the financial sector become more profitable than the manufacturing aspect of these firms. The chapters demonstrate how there is a great demand to increase the return to shareholders as a main concern, despite other metrics and stakeholders. The work studies the impact of financialization at the world's five largest automakers, which together represent almost 50% of car production, providing an exploratory analysis of profitability, shareholder composition, compensation to executives, workers' salaries, dividend payments to shareholders, and employment. This book encourages debate on contemporary economy and is a significant addition to the literature on financialization, contemporary forms of capitalism, labor, and economic sociology more broadly.\u003c\/p\u003e\u003cp\u003e\n                            \u003cstrong\u003eWeight\u003c\/strong\u003e: 310g\n                            \u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 145 x 222 x 17 (mm)\n                            \u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9780367751395\n                            \n                          \u003c\/p\u003e","brand":"Marcelo Jose do Carmo,Mario Sacomano Neto,Julio Cesar Donadone","offers":[{"title":"Hardback","offer_id":44104160411898,"sku":"9780367751395","price":52.35,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/8720309f084691ff5a19341c758907e9.jpg?v=1629001990","url":"https:\/\/shulphink.com\/products\/financialisation-in-the-automotive-industry-capital-and-labour-in-contemporary-society","provider":"Shulph Ink","version":"1.0","type":"link"}