Autos and Economics: Does Car Racing Make Cents?

Thursday, August 28, 2014

Does Car Racing Make Cents?

Here is a post that draws upon questions posed by students that appears on the Economics 244 Auto Industry blog. However, instead of posting it in full here, I encourage you to go to it on The Truth About Cars item Does Racing Make Cents?, in part for the occasionally thoughtful comments that appear on that site.

Mike Smitka

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Smitka Research Networks

GERPISA auto industry research consortium, headquartered in Paris. The June 2020 conference had been planned for Detroit, but for obvious reasons was cancelled. The 2021 conference will also be virtual.

The Industry Studies Association is an outgrowth of the MIT International Motor Vehicle project of the 1980s and 1990s. A major backer, the Sloan Foundation, funded the creation of an organizational home for those interested in the industry as a unit of analysis. I've learned a lot from people working on wind power, cell phones and steel.

I also serve as one of roughly 25 judges for the Automotive News PACE Awards, which recognize innovation in the automotive supply chain, something I've done since the program's inception in 1996-7. During the last "normal" year, I visited suppliers in the US, Korea and Japan, with innovations ranging from new composite materials and electrical distribution systems to rain sensors. I've visited suppliers in Canada, Mexico and Europe. It's volunteer work, we judges only get reimbursed for reasonable travel expenses.

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Thursday, August 28, 2014

Does Car Racing Make Cents?

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