The automotive industry includes a wide assortment of organizations and businesses involved primarily in the manufacture, development, production, marketing, and sale of automobiles. Automotive industry encompasses a number of sectors such as automotive technical, automotive suppliers/manufacturers, auto parts manufacturers, auto service providers, car dealers, car mechanics, automotive marketing/promotion, and automotive sales. Automotive industry employs a significant number of workers especially in U.S. Auto Industry.
Automotive industry is directly or indirectly responsible for the jobs provided by more than fifty million people. The number of employed in this industry annually is estimated at anywhere between fourteen million and twenty million.
Ford Motors Company is one of the major automotive industry organizations and is a global automotive company. Ford is by far one of the largest manufacturers of passenger automobiles in the world. It also designs, manufactures and sells its own hybrid and flex fuel vehicles. Ford has been successful in selling millions of passenger cars worldwide and it intends to expand its automotive business even further. However, Ford Motor Company only owns one percent of the shares of the automobile manufacturing industry that is why many think that Ford should buy another car company or else it will be a disaster.
General Motors Company is another automotive organization which is also on the rise in the global automotive industry. Its main product lines are cars, its acquisition and merger with Chrysler brought significant change to the American economy and the value chain. GM has focused on improving and streamlining its production process which resulted in the introduction of new models and the production of new technology. In terms of sales and market share, GM leads in almost every aspect of the value chain. GM products are known for being reliable, durable, and long lasting which are key elements in the success of any motor vehicle and GM certainly knows how to build dependable, durable, and long lasting light trucks.
Toyota is another automotive organization which is considered as one of the world’s most prestigious brands. It emerged from the ruins of the Second World War with its new philosophy of “I’m just another vehicle on the road”. Toyota has focused on making high performance automobiles for the consumer. The company expanded its automotive industry with the introduction of various line of automobiles. Toyota produces light trucks, sport utility vehicles, passenger vehicles like sedans, mid-size vehicles, and minivan and large SUVs.
Honda Motor Company is the third largest automobile manufacturer in Japan. The automaker emerged in the automotive industry after two decades. The introduction of ride-wear technology enabled the company to develop comfortable, reliable and stylish automobiles. Honda also ventured into the mobility sector with the introduction of autonomic vehicles in the early 1990s. Today, the company still makes automobiles in all segments.
Daimler-Chrysler is the fourth-largest automobile manufacturer in Germany. With the success of Mercedes Benz, the company earned the reputation of being a high quality manufacturer of cars, trucks, and light trucks. With its Mercedes-Benz C Class, CL, S Class, and E-Class family of sedans and light trucks, Daimler has earned great fame and fortune. Additionally, the company also manufactures trucks, SUVs, and vans in its base assembly line. As a result, the company has earned great fame and fortune in the automotive industry.
Ford Motors is one of the world’s leading automobile manufacturers. The company manufactures small and medium sized vehicles in the United States, Great Britain, and Canada. Ford has an automotive division for each country where it operates. Ford manufactures popular vehicles such as pickups, compact and mid-size trucks, SUVs, and mini vans. In addition, Ford produces passenger vehicles like the Ford Transit, and Ford Fiesta.
Most of the automotive industry follows a supply-chain management method. This methodology enables the automaker to keep a tight control on the supply chain. It is because of this that we can find examples include Ford, Toyota, Honda, Mazda, Nissan, Renault, Caterpillar, Fiat, and others in this industry. Each one of these companies are able to meet the demands of their customers by either producing their own vehicles or using hybrid, plug-in hybrid, and fuel cell vehicles to produce their electric vehicles. Each one of these companies is able to provide their clients with the variety they need to satisfy their customers.