Essay on The Automotive Industry 1133 Words5 Pages Automobiles are very important in today's society. They are a means of transportation and also luxury.
The car industry is one of the largest and most profitable industries in the world and is epitomized by the innovative ideas of Henry Ford. Since then the industry has evolved in almost every aspect. The industry has experienced its lows and highs, the 2009 economic downturn being the pivotal point in its history.
The SIC code that is assigned to this industry is 3711 and is referred to as the manufactures motor vehicles, and passenger car bodies industry. It includes products such as cars, pickup trucks, sport utility vehicles, and minivans. The base of this report is the automotive manufacturing industry in Canada.
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New technologies are introduced into the car industry. New concepts for passenger and pedestrian safety are applied by car manufacturers. Harsher environmental policies and fuel prices force engineers to develop more efficient engines. Nowadays, through chemical processes 95% of a car can be recycled and reused, hence saving resources.
The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. According to Datamonitor (2009), more than 40 million cars were sold across the globe which means the market shrunk by 5.3% as compared to 2007.
All the latest breaking news on car industry. Browse The Independent’s complete collection of articles and commentary on car industry.
The automotive industry is one of the most complex global systems. Many manufacturers work together to put together one automobile. Cars have become a necessity in most of the developed world as well as the developing world. Many parts come together to form the final product, and these parts may come from opposite sides or the world.
The motor car industry was the most important industry by then. In 1913, Henry Ford revolutionized car production and in consequence, cars were made faster and cheaper. As a result, there were vast sales of cars which resulted in the prosperity of other industries, such as glass, petrol, and steel industries.
Essay: History of the Automobile.. Even with all the problems the auto industry went through, the good part is that it did make it through. Related Essays. History of the Car. People lives changed more during twentieth century than in any previous period in history.
Since the first car rolled out on the streets of Mumbai (then Bombay) in 1898, the Automobile Industry of India has come a long way. During its early stages the auto industry was overlooked by the then Government and the policies were also not favorable.
Introduction The automotive industry is a term used to refer to a range of organizations and companies involved in designing, developing, manufacturing, marketing, and selling of motor vehicles, motorcycles, and towed vehicles. This industry is the core of the transport industry around the.