The New Modern Global Automotive Industry

974 Words4 Pages
Today, the new modern global automotive industry includes the main manufacturers, General Motors, Ford, Toyota, Honda, Volkswagen, and Daimler Chrylser, all of that work in a competitive global marketplace. It is recommended that the globalization of the automotive industry, has considerably quickened during the 1990 's because of the production of great overseas oppurtunities and establisment of incorporations between large multinational automakers. Industry professionals show that the origins in the increase of international trade in the automotive sector, time back to the technology transfer of Ford Motor Company 's mass-production type from the U.S. to Western Europe and Japan following both World Wars I and II.2 The improvements in industrialization directed to notable raises in the extension and production of the Japanese and German markets, specifically. The second big trend in manufacturing globalization was the export of fuel economical cars from Japan to the U.S. as a result of the oil prohibition from 1973 to 1974. Numbers from the Global Organization of Motor Carrier Manufacturers point that the countries that produced the largest wheels were in decreasing order - China, the U.S., Japan, German, and South Korea - with China 's production being about double that of the U.S. Sales numbers show that while bookings increased between 2005 and 2013, the extension by country was rough. In 2009 sales in the U.S. strike their deepest point while in EU
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