Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



President Barack Obama Receives Frost & Sullivan's GIL (Growth, Innovation and Leadership) Visionary Award - Support of Automotive Industry is deemed to be vital to the long-term health of the U.S. economy
President Barack Obama Receives Frost & Sullivan's GIL (Growth, Innovation and Leadership) Visionary Award

 

PRZOOM - /newswire/ - Mountain View, CA, United States, 2012/08/30 - Support of Automotive Industry is deemed to be vital to the long-term health of the U.S. economy.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Frost & Sullivan believes that the true mark of leadership is when a person with great influence makes a tough, important decision in the face of great opposition. President Barack Obama's bold stance to support the U.S. automotive industry in 2009 serves as a perfect illustration of this point. As President of the United States, he displayed visionary perspective and genuine courage in making a crucial decision of great import to the industry and the country. For these qualities, Frost & Sullivan considers it an honor to bestow upon President Obama its GIL (Growth, Innovation and Leadership) Visionary Award.

After President Obama took office, he faced an economy going in reverse, the financial infrastructure crumbling, the housing market failing, unemployment rising at alarming rates, and a country mired in two expensive wars. In the midst of this adversity, the U.S. automotive industry–the bedrock of American innovation in the 20th century–was threatened like never before. To have allowed the auto industry to be subject to pure free market influences would have risked, at a minimum, a prolonged decline of the industry. Such a decline could have caused a ripple effect of catastrophic proportions across the entire supply and value chain of the industry. President Obama had every incentive to ignore this threat, to avoid burnishing the "socialist" mantle he was saddled with by his political opponents. Instead, he chose to act.

President Obama made the crucial decision to provide assistance to the Big 3 automotive firms - General Motors (GM), Chrysler and Ford (although Ford ultimately accepted a credit line as opposed to a bridge loan) - both as a critical short-term safety net and to support the long-term innovation and growth of the industry. Why is Frost & Sullivan recognizing this decision now, three and half years after it was made? The jury is in, from an economic impact standpoint. By most reliable accounts, 150,000 to 200,000 new jobs have been created in the auto industry as a result, with additional jobs saved, if not added, in ancillary industries like plastics, steel and consumer goods. In the state of Ohio alone, roughly 850,000 automotive and automotive-related jobs have been preserved, according to the Center for Automotive Research (CAR). GM reclaimed the title for world leader in automotive sales in 2011, an accomplishment that could not have been contemplated back in 2009. The Big 3 automotive firms have created new jobs and added shifts, reporting double-digit sales growth as recently as June 2012. GM and Chrysler have paid back government loans well ahead of schedule (independent of the 32% ownership stake that the government still has in GM, as a long-term strategic investment). There is a renewed sense of hope and vigor in the U.S. automotive industry today, with increasing investments in R&D and innovation.

“In short, President Obama's timely support of the U.S. automotive industry is paying off in both measurable and immeasurable ways. His leadership at a time of genuine crisis has helped turn around an industry that was in great peril. His strategic intervention has kept factories open, preserving much needed jobs,” said Frost & Sullivan Global President and Managing Partner, Krishna Srinivasan. "President Obama's recognition of the importance of the automotive industry to U.S. economic vitality was prescient, to say the least. The cost of inaction would have been prohibitively high, both to the industry and the economy as a whole. We consider it an honor and privilege to recognize President Obama for his visionary leadership."

"The UK used to be the biggest car manufacturing country in Europe with over 50 car manufacturers in the 1950s and also home to the biggest manufacturing plant in the world with Rover. Rover does not exist today and what is left of it is owned by the Chinese, because the British government chose not to support the car industry in its time of crisis,” said Sarwant Singh, Partner and Vice President of the Automotive & Transportation Practice at Frost & Sullivan. “President Obama could have made a similar choice. He however chose to support manufacturing and preserve the national brands. His leadership shows that governments need to support vital industries to gain advantage over other nations in this increasingly competitive world."

The GIL Visionary Award recognizing President Obama will be formally announced at Frost & Sullivan's annual flagship event, GIL 2012: Silicon Valley Congress, held Sept. 9 to 12, 2012 at The Fairmont in San Jose, Calif. For the last five years, Frost & Sullivan’s GIL Congress has united industry thought leaders, technology pioneers and business leaders with expert analysts and consultants to create a global GIL community that fosters the exchange of ideas and innovative solutions to address the toughest global challenges of our time.

For more information on GIL 2012: Silicon Valley, including inquiries about speaker, sponsorship and media partnership opportunities, please contact Frost & Sullivan Vice President of GIL, Brian Denker at brian.denker[.]frost.com. Also, feel free to join the conversation on Twitter through #GILSV.

Please note that this announcement is not an endorsement of a political party by Frost & Sullivan, nor is it a commentary on the overall state of the U.S. economy. Rather it is an objective recognition of the impact of visionary leadership on an industry that affects as much as 10 percent of U.S. GDP.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


President Barack Obama Receives Frost & Sullivan's GIL (Growth, Innovation and Leadership) Visionary Award

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Mireya Espinoza 
210-247-3870 mireya.espinoza[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today