General Motors vs. Volkswagon

7203 Words Oct 22nd, 2008 29 Pages
GENERAL MOTORS CORPORATION
& THE VOLKSWAGEN GROUP

INTERNATIONAL FINANCIAL STATEMENT ANALYSIS

Group Members
Jose Cervantes
Hilda Patricia Moreno
Aracelis Nass
Keila Urdaneta

Florida International University
ACG 6255 International Accounting
Professor Leonardo Rodriguez
Summer 2008

TABLE OF CONTENTS

Objectives ………………………………………………………………………………………………………………………………………………………3
The Automotive Industry ……………………………………………………………………………………………………………………………….4 The Automotive Industry in the United States …………………………………………………………………………………..5 The Automotive Industry in Germany ……………………………………………………………………………………………….7
Company Backgrounds ………………………………………………………………………………………………………………………………….8 General Motors Corporation
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The auto industry and area of commerce in which automobile models are planned, designed, manufactured, and marketed. The automobile industry is concerned with profits and competition. And depending on the country consumer demands for styling, safety, and efficiency differ and with labor relations and manufacturing efficiency too.
In the Automobile industry, many companies need to strive to make better and affordable cars. The automobile industry is concerned with profits and competition, consumer demands for styling, safety, and efficiency and it is also involved with labor relations and manufacturing efficiency. For example, in 2007, more than 73 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 North America, 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 and China saw the most rapid growth. 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

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