Automotive industry is a fast-paced industry with many advancements as far as its huge potential is concerned. Many multinational companies are involved in the industry. Tata motors and Aston Martin are the two giant companies with different types of vehicles. Tata motors
Tata motors is an Indian company owned by Tata group of companies. It is one of the major automotive manufacturing companies
Macro environmental Forces
Safety standards and Regulations: Safty standards and regulations of the country is one major macro environmental factor which affects automobile industry. These laws influence or limit the manufacturing capacity of the company.
Economic environment
Another external factor affecting automobile industry is the current economic environment. Growth of the industry is depended on consumers purchasing power and spending habits. People want to spend less and expecting more values. Therefore, it is necessary to cope with the expectation of consumers. However, this threat can be minimized by extending market offerings through dealers. For example, Ford has extended their range of cars to meet with price of every budget; however each car still delivers a good value. Moreover, Ford delivers customised products to meet with individuals expectations. Ford even offers consumers a build and price model, where the consumer can add or take away features and determine the type of car and its features based on their budgets (Sam,R,2012).
Natural Resources
Like any other industry the necessary natural resources as an input is essential for auto industry, and have direct impact too. For instance, the rising tensions in the Middle-East caused elevation in the price of crude oil, which caused impact on automobile industry. Besides the fact this is scary, it has completely altered the way cars are manufactured and built. Today all the car manufacturers
The Automotive Industry The automotive industry is one of the biggest industries of all. Many Americans depend on their vehicle to drive to work, home, or leisure. The industry have grown substantially. There is a great variety of job opportunities in this industry. Motor vehicle parts manufacturing, motor vehicle bodies and trailer, motor vehicles manufacturing, motor vehicle and parts wholesalers, motor vehicle and parts dealers, auto parts, accessories, and tire stores, automotive repair and…
The Chinese automotive industry is one of the fastest growing and lucrative automotive markets. It has been proven to be very profitably but so far has not been recognized particularly for unique design practices.(1) Most Chinese domestic manufactures are known for knock-down kits that resemble import OEM products. However like the developing countries in Asia before it such as Korea and Chinas design language is beginning to evolve.(2) General motors GM EN-V concepts are one of the first…
auto industry crisis was years of market share losses by the Big Three. As recent as 10 years ago they had about 70% of U.S. auto sales, in 2008 they had 47% (Isidore, 2008). Another blow came in the form of record high gas prices, which deeply cut into demands for pickups and SUVs. Observers blamed executives for over producing those gas-guzzling SUVs and pickups and ignoring the fuel-saving technologies of their Japanese rivals. Republicans believed that the American automotive industry, with…
but they are not production. Since Fisker with another famous American electric vehicles manufacturer Tesla was born in California at the same time, and both are based on the production of ultra-luxury electric vehicles ran way into the U.S. auto industry, both sides take the high road, Tesla's the first car Roadster and Fisker's first production car Karma's starting price is around $ 100,000, design of the two cars are also very excellent, there is one thing in common is that both when the company's…
the Automobile and the Early American Automotive Industry For my report, I am going to discuss the early automotive industry in America and how it helped transform our great country for the better. This topic really interests me and is a part of my family’s background. I will cover the three car companies known as “The Big Three”, and the effect this industry had on people. By the end of this paper, it will be clear to you that the automotive industry forever changed transportation and the…
www.ccsenet.org/ijef International Journal of Economics and Finance Vol. 4, No. 5; May 2012 Surviving the Global Recession and the Demand for Auto Industry in The U.S. – A Case for Ford Motor Company Norikatsu Hiraide Department of Mathematics, Computer Science and Economics, Emporia State University 1200 Commercial St. Emporia, KS 66801, USA Tel: 620-481-1927 E-mail: nhiraide@emporia.edu Kalyan Chakraborty (Corresponding author) School of Business, Emporia State University, 1200 Commercial…
Int. J. Technological Learning, Innovation and Development, Vol. 2, Nos. 1/2, 2009 Globalisation of the automotive industry: main features and trends Timothy J. Sturgeon Industrial Performance Center (IPC), MIT, 292 Main Street (E38-104), Cambridge, MA 02139, USA E-mail: sturgeon@mit.edu Olga Memedovic* United Nations Industrial Development Organization, Vienna International Centre, A-1440 Vienna, Austria E-mail: O.Memedovic@unido.org *Corresponding Author Johannes Van Biesebroeck…
The auto industry has significantly benefitedsignificant benefits from globalization. The industry has evolved from being a local-market-focused business comprised of hundreds of small manufacturers to a global market-focused business dominated by Japanese, German, South Korean, and American producers generating over 1.7 trillion dollars US in sales. This essay discusses what we believe are the main risks posed by globalization to the automobile industry. We define globalization for the purpose of…
production plant in the Chinese territory of 300,000 units per year , but volvo sales in China totaled just 30,000 units in 2009 . Growth in sales of 270,000 units over a period of two years seems quite optimistic , even considering that the car industry is booming in China and an increase in annual sales in the premium sector is expected above 100 % . and third geely has decided to integrate the style of production of Volvo and its technology in their own vehicles. But this technology is patented…
Foreign Automotives is looking to expand by opening a manufacturing plant globally, specifically in Latin America. Although, Foreign Automotives is particularly successful in the United States, our sales have become stagnate and we think it is best to began expanding abroad. Foreign direct investment can be risky and costly but we can avoid certain pitfalls such as the transportation costs of exporting and the loss of operating control due to franchising. Our company is looking to become a global…