These consolidations have proved beneficial to consumers since companies have been able to reduce costs and pass those savings on to the customers. Some of the other major examples of consolidation are Nissan selling off a controlling 37% interest to Renault; General Motor;s 49% ownership of Isuzu; and Ford;s 33% majority of Mazda. Other efforts to become more competitive have translated into the European Union dropping trade barriers and European carmakers employing cost reducing efforts. ... Now, unprecedented competition has pressured firms to reduce costs. ...

• Word Count: 2935
• Approx Pages: 12
• Has Bibliography
• Grade Level: High School