Impact of UK Motor Manufacturing Industry on the British Economy

The automobile industry is a capital intensive industry, the players in the industry need high capital expenditure in order to maintain their market position, but the expected returns in the future is quite high. The industry analysis can be carried out under the following heads:

Several factors have affected how the American auto industry now positions itself on the world market, and big changes have been made to reflect this new direction. The introduction of new technologies in vehicles, the growing market for cars in new developing markets, the impact of the industry on the environment, legislative responses and demands, as well as the increased expectations from consumers, are some of the factors. More international cars are being designed, manufactured and bought by American consumers and exported to foreign markets today than those exclusively manufactured by American companies, redefining the American auto industry, while having a positive impact on its economy. International brands accounted for 45% of total sales in the U.S. in 2013 and have now risen to 59% of the market, and continue to grow. While the amount of American cars has decreased in the local U.S. market share to international ones, the increase of foreign car production on U.S. soil has had the effect of creating new jobs for Americans both in the auto industry as well as in related new industries. The industry has seen huge growth numbers in the last few years with more growth expected.

Jaguar and land rover are the largest UK automobile manufacturing business built around two British brand driving forces, with a strong team of 32,000 globally and support 210,000 jobs. Through the supply chain, dealer network and wider economy and all cars are engineered in the UK. JLR is the biggest in research and development in the manufacturing sector.

The auto industry has been around long before I was born. Automobiles have become a necessity in American culture. “With the invention of the automobile and the mass production techniques of Henry Ford, which made the machine affordable, the American economy has been transformed by this key element in its prosperity.” (Davis, 2014) Being able to transport quickly from one destination to another is a great convenience. Almost every working family living in the United States owns at least one vehicle.

With the recovery of economy, the world’s automobile industry has been growing steadily over the past few years. According to Bloomberg, the US automobile sales climbed from its depth 10.4 million in 2009 to over 15.6 million in 2013. Furthermore, industry analysts predict that the sales will

The figure illustrates that Australian is among the highest labour country as compared to other higher automotive countries. Car industry workers in Australia are waged About $50 an hour when all taxes, privileges and other benefits are included, compared to $32 an hour for industrial workers across all sectors. According to local factory sources, labour financial statement for 65percent of an automobile’s manufacturing cost in Australia. The budgets of producing motor vehicles in Australia is more as compared to some other countries. Holden Ford and some other countries stated that the cost of motor vehicles trade in Australia is two times higher than in Europe, and four times higher in Asia. The high cost producer of vehicles is because

It's been revealed that the reputation of the auto industry is rated very favorably. It's innovation , manufacturers developing the latest technology for vehicles including connected and intelligent vehicles , consumers are very pleased with that. Consumers also are pleased with the idea that the industry actively seeks solution to challenge and produce products that improve the quality of life and can be trusted long term. Overall consumers are pleased with the positive effects of the auto industry on the world and the environment. They are pleased with the jobs the industry provides and the freedom to move around. There have been issues with the pollution, however governments have put measures in place to control the emission. The auto industry is one of the largest industry in the U S and its now rated as second in the

The focus of this paper to describe how the automotive industry has evolved throughout these past years, and its impact on the U.S. economy. The domestic market has gone from being dominated by the “Big Three” which are General Motors, Chrysler, and Ford to now including other major manufacturers from foreign countries. The industry has become an important economic indicator used to predict fluctuations in the U.S. economy. It currently makes up approximately 3.5 percent of the U.S. GDP. The Foreign manufacturers however are slowly increasing market shares now that the Big Three aren’t so big

The automobile industry has a huge impact on the U.S. economy. The University of Michigan and the Center for Automotive Research stated that this industry is the major user of computer chips, textiles, aluminum, copper, steel, iron, lead, plastics, vinyl, and rubber. (Gale, 2004) The study also showed that for every autoworker there are seven other jobs created in other industries (Gale, 2004). These industries include anything from the aluminums to lead to vinyl. In 2001, the total sales of automobiles were 3.7% of the nation 's gross domestic product. This percentage works out to be $375 billion dollars in sales.

The American automotive industry is one of the largest parts of the national economy. In 2009 it made up 6.6% of the entire American workforce, employing 880,000 individuals.

The United States Auto industry leads an innovation and the resounding success was inevitable. According to the American of Global Automakers and the American International Automobile Dealers Association, US auto industry continues creating a positive contribution in the economy. America was known to begin their auto industry production in 1890s. With the help of other automakers such as Japan, Europe and Korea, the auto industry in America boost the gross domestic product of the country.

Since Henry Ford invented the mass production techniques that made cars affordable to the public, the United State 's economy has been dramatically influenced by this key component in its affluence. Exponentially, jobs were created because the auto business grew. Employees were needed for the constantly growing assembly lines. Consequently, Ford 's model Ts became the primary preferred, affordable, mass manufactured cars. (Davis, 2012). For more than a century, the United States ' automotive industry constantly had a large impact on the national economy. The quantity of cars sold annually has always been a reliable indicator of the nation 's economic well-being. Thus, once the recession hit in 2008, automotive sales declined sharply, indicating the decrease in customer purchase power. Environmental challenges impacting the American automotive industry consist of, yet not limited to, fierce global competition, vigorous technological advancements race, emissions and governmental approach toward a cleaner environment and, finally, customer satisfaction of the American product.

The United States automotive industry is the largest in the world. Thirteen automotive manufacturers have assembly plants in the United States, as well as a growing number of suppliers and dealerships. From 2008 to 2012, automotive manufacturers in the U.S. produced an average of over 8 million vehicles annually (SelectUSA, n.d.). In addition to the big three American automakers – General Motors, Ford, and Chrysler – Honda, Toyota, Nissan, Hyundai-Kia, BMW, Mercedes-Benz, Mazda, Mitsubishi, Subaru, and Volkswagen all manufacture automobiles in the United States (SelectUSA, n.d.).

Ranked sixth out of the entire world, the United States is one of the leading car manufacturers (Cars). With today's assembly and productions lines, manufacturing of products and its availability to us has never been easier. Automotive production lines revolutionized the automotive industry, as well as American life. They made building cars more efficient. Because of the increase in efficiency, the cost to produce a car went down and when production costs were lowered, so was the retail price of the cars. “This price reduction meant more people could afford to buy a vehicle of their own” (How). As a matter of fact, automobiles are one of the prime examples of mass production within assembly and production lines. Automobiles are everywhere. In the year 2011 alone, 59,929,016 cars were produced around the world (Cars), and those numbers and continually rising. In 2012, for the first time in history, over 60 million cars passenger cars

The Ibis report (retrieved 1 August 2010) shows that the motor vehicle manufacturing industry in Australia is a $11.8 billion industry where 19,025 are employed. The industry is said to grow