Disclaimer: This news lead is a concise summary of the commentary by Professor Peter Kunz in the Swiss newspaper, Neue Zürcher Zeitung, on the impact of the automotive crisis on Swiss industry.
The Swiss automotive industry has been hit hard by the global economic crisis, with major companies such as ABB and Rieter reporting significant losses. However, according to Professor Peter Kunz of the Swiss Federal Institute of Technology (ETH) in Zurich, the crisis is unlikely to have a lasting impact on the country's industrial sector as a whole.
Professor Kunz argues that Swiss industry is highly diversified and not heavily dependent on the automotive sector. He points out that the country's main industrial sectors, such as pharmaceuticals, machinery, and chemicals, are not directly affected by the crisis. In addition, he notes that Swiss companies are generally well-managed and have strong financial reserves.
Kunz also argues that the crisis could actually benefit Swiss industry in the long run. He believes that the crisis will force companies to innovate and become more efficient. This could make Swiss companies more competitive in the global marketplace once the crisis is over.
Of course, the automotive crisis will have some negative impact on Swiss industry. However, Professor Kunz believes that the impact will be limited and that the country's industrial sector will emerge from the crisis stronger than ever.
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