Industry
The Automotive Industry is one of the largest industries in the world. Transportation needs is something that effects all of us. In the automative industry there are several production types, parts, accessories, vans, mini vans, trucks, SUV's, compacts, sedans, sports and luxuries. There is over 30 different manufacturing automotive companies. Many of these companies have merged and have part ownership of each other. The two largest companies today are GMC #1 and Ford Motor Company #2. Ford and GMC both consist of about ten companies each. Sales of these cars is done form companies to dealers and dealers to consumers. Consumers can do this over the Internet or at a dealer. In 1998 Internet sales were 80 billion and expected to be 726 billion by 2003. The Internet seems to be a convenience because you don't have to find your vehicle and deal with sales men. You can even have it delivered at your door for a similar cost. The Internet decreases incremental marketing, advertising, and personal cost per sale. Prices range from lowest around ten thousand and highest around one hundred thousand. The average car toda
Over the years there has been around 125 million cars less than three years old on the road. Ford invents top selling Taurus in 87. 1996 Mitsubishi planned for a 10% reduction in workforce by 2000. (seen at end of report) as you can see the company goes up and down with the economy. Buying stock is a major decision. If oil prices are high then people are going to want efficient cars andalso they will choose public transportation. Before 1999 the US light vehicle markets volume had stayed around 15 million units. Ford had a 58 million dollar debt and was able to pay it off with there 80 million dollars in cash, 1921. Mitsubishi launches its first commercial on television while trying to reach its goal of increasing sales by 40% in 1989. Chrysler finally sold its 2 percent share in 1993 and both continued to buy from each other. This shows how people continue to want new cars and that business will never completely die. This affects both companies greatly and make them look bad. In 1920 60 percent of all vehicles are Fords.
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