Automotive industry
hideThe automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.
In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil, India and China saw the most rapid growth.
About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India. In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars. The sustainable transport movement focuses on solutions to these problems.
In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. Roughly half of the US's fifty one light vehicle plants are projected to permanently close in the coming years with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade. As a result, in 2009, China became the largest automobile market in the world.
For more information about Automotive industry, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with auto industry
Expert advises automakers to take it slow on road to recovery
Nov 13, 2009 |
2 / 5 (1) |
0
(PhysOrg.com) -- Supply chain expert Panos Kouvelis says it's time for the auto industry to go through a period of capacity rationalization.
Recession? What recession? Unionization up on state, local levels
Sep 07, 2009 |
2.5 / 5 (2) |
0
Against all odds, organized labor managed to make new inroads during the economic upheaval of the past year, new findings from UCLA's Institute for Research on Labor and Employment (IRLE) suggest.
Germany wants a million electric cars by 2020
Aug 19, 2009 |
4.4 / 5 (8) |
1
The German government unveiled plans Wednesday to get one million electric cars zipping around the country by 2020, offering sweeteners to jump-start national giants like BMW and Volkswagen into action.
Chip maker Infineon trims loss, sees larger writedowns
Jul 29, 2009 |
not rated yet |
0
Troubled German semi-conductor maker Infineon said Wednesday that it had managed to limit its quarterly loss but warned that full-year asset writedowns would be larger than expected.
GE to open advanced tech center in Michigan
Jun 26, 2009 |
5 / 5 (3) |
0
General Electric announced plans Friday to open an "advanced manufacturing technology and software center" in Michigan that could create more than 1,100 job in the coming years.
Ford's last-minute cold feet put emissions deal at risk
May 20, 2009 |
2.6 / 5 (5) |
3
It had taken weeks of hardball negotiations, but by Sunday afternoon White House officials thought everything was falling into place. In less than 48 hours they would unveil a landmark deal with U.S. automakers to impose ...
US to push plan to swap for fuel efficient cars
May 05, 2009 |
2.4 / 5 (10) |
9
A key US lawmaker Tuesday announced agreement after White House talks on a plan to offer Americans government cash to trade in "old clunkers" -- ancient, gas guzzling cars -- for fuel efficient models.
Orders streaming in for new Tesla electric sedans
Apr 02, 2009 |
4.8 / 5 (6) |
0
Tesla Motors says orders have been streaming in for its electric Model S sedans due to begin rolling off assembly lines in 2011.
Proton goes Dutch in electric car tie-up
Mar 31, 2009 |
3 / 5 (2) |
0
Malaysian automaker Proton has said it will manufacture electric cars for eco-conscious markets in Europe and the United States, in a deal with Netherlands-based Detroit Electric.
Tesla unveils groundbreaking electric car
Mar 26, 2009 |
4.4 / 5 (35) |
25
US automaker Tesla Motors unveiled Thursday its state-of-the-art five-seat sedan, billed as the world's first mass-produced, highway-capable electric car.
