Automotive Industry Essay
The Automotive industry is one of the biggest and most important industries in our today’s world. For many people today it is inconceivably to not own a car, since they are depending on it to get to work or several other places like holidays or relatives or even to just make the local shopping trip easier. Within the Automotive industry there are several interesting things to look at. Starting with the history of the industry all the way to looking at modern industries’ leading manufacturers changing the world we live in significantly.. Furthermore there are several interesting aspects regarding the actual product that is provided and how the industry is able to survive and grow effectively. Moreover the Automotive industry despite their enormous growth also had to take a few severe setbacks, which will all be covered in the following essay. These setbacks cause special problems to the industry, which will be carefully investigated. Additionally the paper will cover the size of the five biggest companies within the industry. The sales turnover, number of people employed as well as the capital invested will be demonstrated in this part of the essay. In the last sector the future of the automotive industry will be covered.
The original inventor of the automobile industry can be found in France in the 1860’s who produced the first engines that were capable of producing a “automobile-like” construction. The first people to discover a tremendously cheaper method of creating a car engine were Gottlieb Daimler as well as Karl Benz in the later stages of the 1860’s. The first to mass-produce cars efficiently was Henry Ford in 1914 through using assembly lines. He also made it affordable for people to buy his product through giving them the opportunity to loan money from him in order for the masses to finance his cars. This led to massive increases in auto sales within the United States and built the foundation for a highly successful industry.
The main product
The original inventor of the automobile industry can be found in France in the 1860’s who produced the first engines that were capable of producing a “automobile-like” construction. The first people to discover a tremendously cheaper method of creating a car engine were Gottlieb Daimler as well as Karl Benz in the later stages of the 1860’s. The first to mass-produce cars efficiently was Henry Ford in 1914 through using assembly lines. He also made it affordable for people to buy his product through giving them the opportunity to loan money from him in order for the masses to finance his cars. This led to massive increases in auto sales within the United States and built the foundation for a highly successful industry.
The main product
Bibliography: http://money.cnn.com/magazines/fortune/global500/2010/snapshots/160.html http://www.toyota-global.com/company/profile/overview/ http://econ.economicshelp.org/2009/02/problems-of-car-industry.html http://www.paristechreview.com/2012/02/13/which-future-car-industry/ http://www.davinciinstitute.com/papers/the-future-of-automobile-transportation-by-futurist-thomas-frey/ (http://oica.net/wp-content/uploads/ranking-2010.pdf) http://www.volkswagen.com/de.html http://worldwide.hyundai.com/WW/Corporate/InvestorRelations/CorporateInformation/CompanyOverview/index.html http://media.gm.com/content/dam/Media/gmcom/investor/2012/GM2012Q1PressRelease.pdf