RI2014235 ART. The FMEA

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Abstract

During the 2008 meltdown, the Fonds de Modernisation des Équipementiers Automobiles (FMEA) lent decisive support to firms deemed strategic for the French automobile industry. It is pursuing its work as part of Bpifrance. Its vision as a long-term investor in industry focuses on companies that, with a strong potential for growth, can sustain their branch of the economy. The major issues in the automobile industry are discussed along with the FMEA’s actions for addressing them. Between globalization and innovation, the French automobile industry will have to take the fast track to survive, and thrive.

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The example of a mixed economy company has a land development fraud neglected by the literature: there is widespread fraud, little by little, the top-down by imitation and addiction, in collusion implied. Literature was more interested, in fact, illegal maneuvers in the eyes of the officer or prohibited by law. But she had not modeled the process by which fraud is formed, grows and finds an end. Based on the case of the SEM, we propose a model for the dissemination of fraud and we discuss its possible generalization, while analyzing the appropriateness of traditional measures of fight against fraud.

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