Snežana Radukić, Dušan Perović, Marija Petrović Randjelović

DOI Number
First page
Last page


The paper investigates how business costs affect sustainable development policies of world’s leading automotive producers. The core idea of the paper is to determine if business strategies have any effect on the three sustainable development pillars of world’s leading automotive producers. The analysis involves the period of 2006 – 2017 with world’s top 15 automotive producers from three different continents. In this paper, the use of fixed effects model will help in analyzing automotive producer’s efforts to achieve sustainable development goals with particular analysis of economic, environmental and social aspects of sustainable development in automotive industry. The result showed that economic pillar of sustainable development is more affected by business policy than other two, yet those not so strongly and significantly. This kind of research might contribute in conceptualizing new, efficient and effective business strategies for automotive producers in their attempt to achieve sustainable development goals as soon as possible


sustainable development, automotive industry, environment, business strategies, corporate social responsibility

Full Text:



Balkyte, A. & Tvaronavičiene, M. (2010). Perception of competitiveness in the context of sustainable development: Facets of “sustainable competitiveness”.Journal of Business Economics and Management 11(2), 341-365. DOI: 10.3846/jbem.2010.17

BMW (2006-2017). Annual and Sustainable Value Reports. Munich: BMW.Retrieved from:

Bohnsack, R., Pinkse, J. & Kolk, A. (2014). Business models for sustainable technologies: Exploring business model evolution in the case of electric vehicles.Research Policy 43(2), 384-396.DOI: 10.1016/j.respol.2013.10.014

Bostan, I., Onofrei, M., Dascălu, E.D., Fîrțescu, B. & Toderașcu, C. (2016). Impact of Sustainable Environmental Expenditures Policy on Air Pollution Reduction, During European Integration Framework.Amfiteatru Economic 18(42), 286-302.

Bunzel, W. & M, Ruhnau, T. (2015). Drivers of Sustainability in the Automotive Industry. In: Denbratt, I., Subic, A. & Wellnitz, J. (eds.) Sustainable Automotive Technologies. Cham: Springer.

Calabrese, G. (2016).The greening of the automotive industry. London: Palgarve Macmillan.

Calu, A., Negrei, C., Calu, D.A. & Avram, V. (2015). Reporting of Non-Financial Performance Indicators – a Useful Tool for a Sustainable Marketing Strategy.Amfiteatru Economic 17(40), 977-993.

Caniels, M., Gehrsitz, M. & Semeijn, D. (2013). Participation of suppliers in greening supply chains: An empirical analysis of German automotive suppliers.Journal of Purchasing and Supply Management 19,134-143. DOI: 10.1016/j.pursup.2013.02.005

Changan (2006-2017). Annual and CSR Reports. Chungking: Changan.Retrieved from:

Daimler (2006-2017).Annual and Sustainability Reports. Stuttgart: Daimler.Retrieved from:

De Stefano, M. C., Montes – Sancho, M. J. & Busch, T. (2016). A natural resource – based view of climate change: Innovation challenges in the automobile industry.Journal of Cleaner Production 139, 1436-1448.DOI: 10.1016/j.jclepro.2016.08.023

Fiat (2006-2017).Annual and Sustainability Reports. Turin: Fiat.Retrieved from:

Ford (2006-2017).Annual and Sustainability Reports. Dearborn: Ford.Retrieved from:

General Motors (2006-2017).Annual and Sustainability Reports. Detroit: General Motors.Retrieved from:

Habidin, N., Zubir, A., Fuzi, N., Latip, N. & Azman, M. (2015). Sustainable Performance Measures for Malaysian Automotive Industry.World Applied Science Journal 33(6),1017-1024. DOI: 10.5829/idosi.wasj.2015.33.06.257

Hahm, T., Figge, F., Barkemeyer, R. & Liesten, A. (2009).Sustainable Value in Automobile Manufacturing (2nd edition), Belfast: Queen University.

Hashmi, A., R. & Van Biesbroeck, J. (2016). The relationship between market structure and innovations in industry equilibrium: A case study of the global automotive industry. The Review of Economics and Statistics98(1), 192-208. DOI: 10.1162/Rest_a_00494

Health Effects Institute (2010).Traffic – related pollution: A critical review of the literature on emissions, expenditure and health effects. Boston: Health Effects Institute. Retrieved from:

Hirsch, S. (2018). Successful in the long run: A Meta – regression analysis of persistent firm profits. Journal of Economic Surveys 32(1), 23-49. DOI: 10.1111/joes.12188

Honda (2006-2017).Annual and Sustainability Reports. Tokyo: Honda. Retrieved from:

Hyundai (2006-2017).Annual and Sustainability Reports. Seoul: Hyundai. Retrieved from:

Iris, D. (2016). Economic targets and loss – aversion in the international environmental cooperation. Journal of Economic Surveys 30(3), 624-648. DOI: 10.1111/joes.12155

Juniarty, M. & Ismail, M. (2015). Analyzing sustainability of SMEs in automotive component industry in Benasi regency. Journal of Asian Scientific Research 5(12),522-533.DOI: 10.18488/journal.2/2015.5.12/2.12.522.533

Kushwaha, G. & Sharma, N. (2015). Green initiatives: A step towards sustainable development and firm’s performance in the automobile industry. Journal of Cleaner Technologies, 30, 1-14. DOI: 10.1016/j.jclepro.2015.07.072

Lambert, J. C. & Davidson, R. A. (2013). Applications of the business model in studies of enterprise success, innovation and classification: An analysis of empirical research from 1996 to 2010. European Management Journal 31(6), 668-681.DOI: 10.1016/j.emj.2012.07.007

Lee, K. H. (2011). Integrating carbon footprint into supply chain management: The case of Hyundai Motor Company (HMC) in the automobile industry. Journal of Cleaner Production 19(11), 1216-1223.DOI: 10.1016/j.jclepro.2011.03.010

Martin – Pena, M., Diaz – Garrido, E. & Sanchez – Lopez, J. (2014) Analysis of benefits and difficulties associated with firms Environmental Management Systems: The case of the Spanish automotive industry. Journal of Cleaner Production, 70, pp. 220-230. DOI: 10.1016/j.jclepro.2011.03.010

Mathivathanan, D., Kannan, D. & Noorul Hay, A. (2018). Sustainable supply chain management practices in Indian automotive industry: A multi stakeholder view. Resources, Conservation and Recycling 128, 284-305.

Mayyas, A., Qattawi, A., Omar, M. & Shan, D. (2012). Design for sustainability in automotive industry: A comprehensive review. Renewable and Sustainable Energy Reviews 16, 1845-1862.DOI: 10.1016/j.rser.2012.01.012

Namakachi, K., Hanaoka, S. & Kawahara, Y. (2016). Estimation of cost and CO2 emissions with a sustainable cross – border supply chain in the automobile industry: A case study of Thailand and neighboring countries. Transportation Research Part D: Transport and Environment 43, 158-168. DOI: 10.1016/j.trd.2015.12.018

Nilsson, M. & Nykvist, B. (2016). Governing the electric vehicle transition – Near term interventions to support a green energy economy. Applied Energy 179, 1360-1371. DOI:10.1016/j.apenergy.2016.03.056

Nissan (2006-2017)Annual and Sustainability Reports. Yokohama: Nissan. Retrieved from:

PSA Group (2006-2017).Annual and CSR Reports. Paris: PSA Group. Retrieved from:

Renault (2006-2017).Annual and CSR Reports. Boulogne Billancourt: Renault. Retrieved from:

SAIC (2006-2017). Annual and Sustainability Reports. Shanghai: SAIC. Retrieved from:

Salvado, M. F., Azevedo, S. C., Matias, J.C.O. & Ferrerira, L. M. (2015). Proposal of a sustainability index for the automotive industry. Sustainability 7(2), 2113-2144.DOI: 10.3390/su7022113

Schoeggl, J. P., Baumgartner, R. J. & Hofer, P. (2017). Improving sustainability performance in early phases of product design: A checklist for sustainable product development tested in the automotive industry. Journal of Cleaner Production 140(3), 1602-1617. DOI: 10.1016/j.jclepro.2016.09.195

Suzuki (2006-2017). Annual, CSR and Environmental Report. Hamatsu: Suzuki. Retrieved from: https:

Toyota (2006-2017).Annual and Environmental Reports Aichi: Toyota. Retrieved from:

Transportation Research Board. (2002).The Congestion Mitigation and Air Quality Improvement Program. Assessing 10 years of experience. Washington: National Academy Press. Retrieved from:

Volkswagen (2006-2017).Annual and Sustainability Reports. Wolfsburg: Volkswagen.Retrieved from: https://

Wells, P. (2013). Sustainable business models and the automotive industry: A commentary. IIMB Management Review 16(4), 15-24.DOI: 10.1016/j.iimb.2013.09.004

Zanello, G., Fu, X., Hohnen, P. & Ventresca, M. (2016). The creation and diffusion of innovation in developing countries: A systematic literature review. Journal of Economic Surveys 30(5), 884-912.DOI: 10.1111/joes.12126

Zubir, A., Habidin, N., Conding, J., Jaya, N. & Hashim, S. (2012). The development of sustainable manufacturing practices and sustainable performance in Malaysian automotive industry. Journal of Economics and Sustainable Development 3(7), 130-138.



  • There are currently no refbacks.

© University of Niš, Serbia
Creative Commons licence CC BY-NC-ND
Print ISSN: 0353-7919
Online ISSN: 1820-7804