Automoblie Industry
There is no industry more present in the world-wide community than the automobile industry. The automobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when the first "modern" car was invented by Benz and Daimler in Germany, the industry has grown into a billion dollar industry affecting so many aspects of our lives. There are more than 400 million passenger cars alone on the roads today. During the early part of the twentieth century, the United States was home to more than 90 percent of the world's automotive industry, but has shrunk to about 20 percent in today's world. This drastic change has occurred by the booming economies in such nations as Japan, Germany, Canada, France, Italy, and other nations. The US auto industry "sales totaled $205 billion, or 3.3 percent of the total Gross Domestic Product." (Tardiff 394) By the end of 19th century, there were about 500 auto manufacturers, but that number dropped sharply to 23 by 1917, and today the Big Three dominate the market. Ford, General Motors, and Chrysler make up the Big Three which account for 23 percent of the world's motor vehicle p
GM then would go on to begin producing the car. There are many different types of cars, like sedans, station wagons, Sport Utility Vehicles (SUV), two-doors, and four-doors, but by comparing models between two competing companies, you can see how great the similarities are. Works CitedMcBride, Gordon. For many years, the automobile industry has seen very large profits because the demand and necessity for cars has increased significantly. Until the late 1960s, the government did not get involved in implementing regulations on the automobile industry. Most of the regulations now placed on car manufacturers have to do with making the car drive safer and be more environmentally sound. " (Hoover's Online) The future of the automobile industry looks rather stable. Test drivers check over the entire system, analyzing how it runs, and then gives suggestions on improving the vehicle. This supply and demand problem was solved by the Clinton administration which opened up many foreign markets previously closed to the US auto makers. This was such a positive victory for the US industries because the Japanese were notorious for charging very little for the cars they sold in foreign countries, making up the difference with extremely high prices for the cars they sold in the closed markets of Japan. New York: MacMillan Publishing Company, 1990Farr, Max. Creating environmentally safe vehicles is also a major concern. Many nations including the US and Japan has become "active participants in the Group of Experts on the Construction of Vehicles, of the United Nations Economic Commission for Europe (ECE/WP29), the principal international forum for harmonization issues.
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