- 1. Which country did the Late 2000s recession originate in, impacting the Russian automotive industry?
A) China
B) Japan
C) United States
D) Germany
- 2. How many passenger cars did Russia produce in 2008?
A) 1,470,000
B) 256,000
C) 91,000
D) 597,000
- 3. To what figure did Russian passenger car production drop in 2009?
A) 1,470,000
B) 597,000
C) 256,000
D) 91,000
- 4. How many lorries were produced in Russia in 2008?
A) 91,000
B) 597,000
C) 256,000
D) 1,470,000
- 5. What was the total value of the protectionistic measures introduced by the Russian government in late 2008?
A) $10 billion
B) $5 billion
C) $3 billion
D) $2 billion
- 6. How much of the 2008 government intervention was allocated for bailouts of troubled companies?
A) $5 billion
B) $2 billion
C) $3 billion
D) $1 billion
- 7. How much of the 2008 government intervention was allocated as credits to buyers of Russian cars?
A) $4 billion
B) $5 billion
C) $2 billion
D) $3 billion
- 8. Who was the Prime Minister of Russia during the introduction of the 2008 automotive protectionistic measures?
A) Vladimir Putin
B) Boris Yeltsin
C) Mikhail Gorbachev
D) Dmitry Medvedev
- 9. What was the minimum import tariff imposed on foreign cars in Russia following the 2008 measures?
A) 50%
B) 75%
C) 25%
D) 100%
- 10. What was the minimum import tariff imposed on foreign trucks in Russia following the 2008 measures?
A) 50%
B) 25%
C) 100%
D) 75%
- 11. What factor are the Russian import duties on vehicles linked to?
A) Country of origin
B) Vehicle color
C) Number of seats
D) Engine size
- 12. Which city saw significant protests due to the increased duties on imported Japanese cars?
A) Vladivostok
B) Novosibirsk
C) Saint Petersburg
D) Moscow
- 13. When was the car scrappage scheme introduced by the Russian government?
A) January 2009
B) December 2010
C) Late 2008
D) March 2010
- 14. What was the maximum subsidy amount for a new car under the 2010 scrappage scheme?
A) 600,000 rubles
B) 1,000,000 rubles
C) 200,000 rubles
D) 300,000 rubles
- 15. What was the approximate dollar value of the maximum subsidy under the car scrappage scheme?
A) $10,000
B) $50,000
C) $5,000
D) $20,000
- 16. Which company is identified as Russia's largest carmaker?
A) Gaz
B) Avtovaz
C) Kamaz
D) Uaz
- 17. What happened to Avtovaz's sales in the second quarter of 2010?
A) They dropped by half
B) They tripled
C) They remained unchanged
D) They doubled
- 18. Which country served as the location for the first overseas sale for Luxgen in 2010?
A) China
B) Russia
C) France
D) Oman
- 19. Who was the head of the Eurogroup who discussed a common rescue package for the automotive industry?
A) Nicolas Sarkozy
B) Jean-Claude Juncker
C) Silvio Berlusconi
D) Frank-Walter Steinmeier
- 20. In what year did car registrations in Europe increase after 6 years of decline?
A) 2014
B) 2009
C) 2008
D) 2010
- 21. What was the drop in Renault's 2008 profits compared to 2007?
A) 4%
B) 17%
C) 78%
D) 10%
- 22. Which leaders agreed to support the automotive industry in France and Germany on November 24, 2008?
A) Silvio Berlusconi and Nicolas Sarkozy
B) Frank-Walter Steinmeier and Jean-Claude Juncker
C) Nicolas Sarkozy and Angela Merkel
D) Angela Merkel and Jean-Claude Juncker
- 23. Which Fiat plant was scheduled to be shut for four weeks in December 2008?
A) Pomigliano d'Arco
B) Grande Punto
C) Simca
D) Rootes Group
- 24. What percentage of Chrysler did Fiat announce it would acquire in early 2009?
A) 19%
B) 78%
C) 14%
D) 35%
- 25. Fiat planned to provide Chrysler with access to what type of technology in exchange for shares?
A) Autonomous driving systems
B) Fuel efficient technologies
C) Luxury design platforms
D) Hybrid-electric battery software
- 26. To which company did Chrysler sell its Rootes Group and Simca units in the 1980s?
A) Fiat
B) PSA Peugeot Citroen
C) Renault
D) Luxgen
- 27. How much of a drop in revenues did Fiat announce for the last three months of 2008?
A) 14%
B) 4%
C) 19%
D) 7%
- 28. Which car model did the text mention might be successful in the U.S. market?
A) Citroen C3
B) Peugeot 208
C) Fiat Grande Punto
D) Alfa Romeo
- 29. Which company did Hyundai-Kia overtake to become the world's 5th largest automaker in 2008?
A) Toyota
B) General Motors
C) Honda Motor
D) Ford Motor
- 30. In what year did Hyundai-Kia surpass Ford Motor to become the 4th largest automaker?
A) 2009
B) 2010
C) 2008
D) 2007
- 31. Where was the Kia Cee'd designed, developed, and engineered?
A) South Korea
B) Slovakia
C) United States
D) Germany
- 32. Where is the Kia Cee'd built?
A) Slovakia
B) South Korea
C) Germany
D) China
- 33. Which specific offer did Hyundai provide to customers who lost their jobs?
A) Return a new-car purchase for a refund
B) A discount on the next vehicle purchase
C) Deferred payments for one year
D) Free maintenance for three years
- 34. Which currency weakness helped boost the price competitiveness of South Korean exports?
A) Chinese yuan
B) South Korean won
C) US dollar
D) Japanese yen
- 35. Which company owned SsangYong Motor during the 2008 crisis?
A) General Motors
B) SAIC
C) Mahindra & Mahindra
D) Hyundai Motor Group
- 36. What primary type of vehicle does SsangYong Motor manufacture?
A) Luxury sedans
B) Electric vehicles
C) Heavy petroleum consuming SUVs
D) Fuel-efficient compact cars
- 37. Which Indian company acquired a 70% share of SsangYong in 2011?
A) Ashok Leyland
B) Tata Motors
C) Mahindra & Mahindra Limited
D) Bajaj Auto
- 38. What was the South Korean government's stance on liquidity provision for the five automakers?
A) Full bailout packages will be provided
B) No liquidity will be provided
C) Loans will be provided to Hyundai and Kia only
D) Tax cuts will be provided instead of cash
- 39. Why did Hyundai reduce production at its plants in December 2008?
A) Lack of raw materials
B) Sluggish demand
C) Government regulations
D) Labor strikes
- 40. By what percentage did Hyundai's brand grow in 2008?
A) 5%
B) 9%
C) 12%
D) 15%
- 41. Which event did Hyundai use to promote its brand in the United States?
A) World Cup
B) Academy Awards
C) Olympic Games
D) Super Bowl
- 42. What was the result of SsangYong's sales during the July to September 2008 period?
A) Dropped 20 percent
B) Stayed the same
C) Dropped 63 percent
D) Increased 10 percent
- 43. Which industry was primarily felt to be most affected by the 2008–2010 automotive crisis?
A) African automobile manufacturing industry
B) Asian automobile manufacturing industry
C) American automobile manufacturing industry
D) European automobile manufacturing industry
- 44. Which agreement caused the downturn to also affect Canada?
A) Automotive Products Trade Agreement
B) North American Free Trade Agreement
C) Canada-US Automotive Pact
D) Global Automotive Trade Accord
- 45. What did the Chinese government do in 2008 to spur flagging sales?
A) Reduced automotive taxes
B) Banned imported vehicles
C) Increased automotive subsidies
D) Nationalized all car factories
- 46. Which car was introduced as the world's first production model plug-in hybrid?
A) BYD F3
B) Toyota Prius
C) Tata Nano
D) Honda Insight
- 47. Why did the State Bank of India reduce interest rates on automotive loans in 2009?
A) Falling production numbers
B) International pressure from the IMF
C) Government mandate for electric vehicles
D) Excessive cash reserves
- 48. Which vehicle was marketed as 'the people's car' by Tata Motors?
A) Tata Sumo
B) Tata Nano
C) Tata Safari
D) Tata Indica
- 49. What was the main reason Toyota reported a double-digit sales decline in June 2008?
A) Strikes in Japan
B) Slow sales of the Tundra pickup
C) Product recalls
D) Lack of advertising
- 50. When did Toyota experience its first operating loss since 1938?
A) 2008
B) 2005
C) 2010
D) 2009
- 51. Why did Honda exit Formula One in 2008?
A) New environmental regulations
B) Due to the 2008 economic crisis
C) Shift to electric racing
D) Poor performance on the track
- 52. Which manufacturer announced it would reduce its output by 80,000 vehicles in early 2009?
A) Suzuki
B) Nissan
C) Toyota
D) Honda
- 53. Which brand exited the World Rally Championship in December 2008?
A) Mitsubishi
B) Toyota
C) Subaru
D) Honda
- 54. What action did Mitsubishi Motors take to cope with falling demand at their Mizushima plant?
A) Close the plant entirely
B) Switch to electric engine production
C) Double the night shift
D) Halt production on Fridays
- 55. What did Toyota President Katsuaki Watanabe call the scale of the economic change?
A) The end of the automotive era
B) Once in a hundred years
C) A minor cyclical adjustment
D) A decade-long recession
- 56. Which company reported unprecedented monthly sales in January 2009 despite the crisis?
A) BYD
B) Tata
C) Suzuki
D) Chery
- 57. Which company cut production at its Martorell plant in October 2008?
A) Renault
B) Volvo
C) Saab
D) SEAT
- 58. How many jobs did Nissan UK announce it would cut in January 2009?
A) 750
B) 500
C) 1200
D) 850
- 59. What happened to the UK van manufacturer LDV Group on 15 October 2009?
A) It began producing electric vans
B) It was bought by Tata Motors
C) It was declared defunct
D) It was saved by a government loan
- 60. What was the maximum discount provided by the UK government's scrappage scheme?
A) £2000
B) £500
C) £1000
D) £3000
- 61. What percentage of Americans supported the auto industry rescue in 2009 according to a CNN poll?
A) 56%
B) 50%
C) 37%
D) 70%
- 62. What was the primary reason for the decline in SUV sales starting in 2008?
A) Declining manufacturing quality
B) Higher gas prices
C) Lack of safety features
D) Increased union wages
- 63. How many small cars did the Harbour Report estimate an automaker needed to sell to equal the profit of one large vehicle?
A) Two
B) Twenty
C) Ten
D) Five
- 64. Which brand was NOT mentioned as being discontinued by General Motors at the end of the 2009 model year?
A) Chevrolet
B) Pontiac
C) Hummer
D) Saturn
- 65. Which prominent figure criticized the Big Three for selling large, inefficient vehicles in a 2007 book?
A) Barack Obama
B) John McCain
C) George W. Bush
D) Al Gore
- 66. What fuel efficiency standard does Japan require for automobiles?
A) 47 mpg-US
B) 25 mpg-US
C) 45 mpg-US
D) 35 mpg-US
- 67. What was the U.S. fuel efficiency requirement mentioned in the text for automobiles at the time?
A) 35 mpg-US
B) 47 mpg-US
C) 25 mpg-US
D) 45 mpg-US
- 68. What threshold of gasoline prices caused Americans to stop buying large vehicles in 2008?
A) $4 per gallon
B) $3 per gallon
C) $2 per gallon
D) $5 per gallon
- 69. In 2007, what was a common funding source for purchasing new U.S. cars that became less available in 2008?
A) Home equity loans
B) Personal credit cards
C) Government subsidies
D) Company stock dividends
- 70. At what annual sales level can the Big Three automakers make a profit?
A) 10 million
B) 17 million
C) 12 million
D) 15 million
- 71. What was the price of a barrel of oil on December 19, 2008?
A) $50.25
B) $45.50
C) $25.00
D) $33.87
- 72. Which entity authorized the $25 billion loan to auto manufacturers?
A) The Supreme Court
B) Congress
C) The Federal Reserve
D) The Department of Defense
- 73. By what year is the European Union requiring vehicles to achieve 47 mpg-US?
A) 2010
B) 2012
C) 2008
D) 2020
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