The Automotive Industry in the United States - Essay Example
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Extract of sample The Automotive Industry in the United States
Most of the Japanese, Korean and India companies have assemblies in the U.S. such as Chrysler-Toyota, Hyundai Mercedes among others. Moreover, more companies are coming to set up manufacturing plants due to the highly demanding market in the country. The latest company to come to the U.S. is Volkswagen in 2011 (The Automotive Industry in the United States).
The automotive industry has different sectors that define the success of the industry. The industry has an engine plant that solely manufactures engine for the companies. In addition, the companies have separately and jointly owned research and development department that researchers on the effective way of producing vehicles at cheap costs and for a better environment. In addition, the industry I characterized by design and testing autonomous departments.
The automotive industry contributes approximately 4% to the country GDP. In addition, the industry directly employs 786,000 as of the end of 2012 (The Automotive Industry in the United States). Moreover, the automotive industry employs a high percentage of an indirect employee through distribution, suppliers and other service sectors. In 2012, the industry supplied vehicles and other parts for $225 billion to other countries of the world (The Automotive Industry in the United States). In total, the automotive industry is estimated to provide 3.62 million employment in the country as of 2012. For this reason, the automotive industry is viewed as the best manufacturing sector compared to other industries.
The industry faces the problem of polluting the environment as most of the vehicles are made to use petroleum. The industry, therefore, faces a tough time researching for efficient vehicles that are made to use efficient energy.
The author of this essay "The Automotive Industry in the United States" casts light on the development of the US automotive industry. It is stated that the United State automotive industry is the largest in the automotive manufacturers. The industry comprises thirteen manufacturers…
PESTEL analysis of the automotive industry in United Kingdom
The essay thus elaborates the macro economic factors which will affect the business of Ford in UK. 1. PESTEL ANALYSIS PESTEL Analysis is a “strategic planning technique that provides a useful framework for analysing the environmental pressures on a team or an organisation” (Leontiades, 2005).
The person who initiated the American industrial revolution was Samuel Slater when he opened the industrial mill, an idea he borrowed from Great Britain and brought to America. This facilitated the process of spinning yarn by hand with a loom hence marking the beginning of industrialization in America.
Contents Executive Summary 2 Introduction to the Pharmaceutical Industry in United States 3 Introduction to retail business in America 4 Ratio analysis 6 Profitability Ratios 7 Efficiency and Liquidity ratios 9 Gearing Ratios 11 Comparison with competitor 11 Executive Summary Johnson & Johnson and its subsidiaries (the Company) have approximately 127,600 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the health care field.
The investment analysis consists of evaluation of the profitability of a chosen company of the industry. The feasibility of investing to the industry and the returns of the outlay to the prospect investors will be carefully analyzed; the valuation of its stocks, the policy on dividends and the equity of the shareholders.
The US automobile segment is a huge industry producing durable consumer goods and using a nationally oriented advertising strategy to market its product. Considering all the intermediate products used in auto construction and distribution (rubber, machine tools, trucking, etc.), the total impact of the automobile industry goes far beyond the direct impact.
In addition to these layoffs, both General Motors and Ford have planned for multiple plant closures and the selling off of controlling shares of assets or subsidiaries in their ongoing struggle toward profitability. These announcements come as a blow to the tenuous economic recovery of the United States.
The industry owes its importance and size merely to the popular use of its product, the motor vehicle (McAlinden, Hill, Swiecki, 2003).
Cars have become the most important form of transport since their widespread use after the Second World War. In the last century, they were considered to be the most important invention since they have affected more lives and have changed the world in more ways than any other invention such as computers, the internet, mobile phones or any other piece of technology.
The author states that an understanding of this industry is very important for any student of business, politics and even sociology. Along with an understanding of the relevant issues of the automotive industry, it is also important to understand what can be done and what is being done by the players in the market to overcome these issues.
As the report declares the auto industry comprised of local companies alone. However, since Honda established it plant in the U.S. other major automotive industries from Europe, and Asia have opened their plant or established partnership with the existing plant to produce their brand of vehicles.
The United States automotive industry is currently valued at $524 million.
The American automotive industry started in the late 19th century. There were a high number of manufacturers in the initial stages of the development of this
6 pages (1500 words)Research Proposal
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