The globalization of the motor vehicle industry--specifically, cars and light trucks--has engendered new forms of competition and cooperation with less regard for national boundaries than ever before. The DaimlerChrysler merger, the GM-Toyota joint venture, the Renault equity stake in Nissan, the Ford takeover of Mazda, Jaguar, and Volvo cars, and direct foreign investments in Mexico, Mercosur (Mercado Comun del Sur), China, and India--developments like these are almost impossible to keep up with. Hiraoka, a prize-winning analyst of manufacturing excellence in the automotive industry, surveys them and their causes and presents a clarifying picture with thoroughness and depth.
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