Introduction to the automobile industry Definition The automobile industry consists of a wide range of companies and organizations involved in the designing and developing, of motor vehicles. It is considered as one of the world 's most important economic sectors in terms of revenue. History of the automobile industry The automobile industry, s inception began in the early 1890s with thousands of manufacturers that were the pioneers of the horseless carriage. For many years, the United States of America were the leaders of the world when it came to automobile production. In the year 1929, just before the Great Depression, the world had roughly 32,028,400 automobiles in use, and the United States of America automobile industry produced in the region of 91%.
TOP 20 MOST POPULAR CAR COLOR According to a survey, there are almost 1 billion cars that are used worldwide today. The invention of cars were phenomenal because it brought big change in the lives of people. It was, on the year 1768, when the first moving vehicle capable of transporting people was created. It was solely powered by a steam and was invented by Nicolas-Joseph Cugnot. Francois Isaac de Rivaz made the first car which moved with the use of hydrogen.
He also created the company’s first oversea production plant in Manchester England. “in 1913 he introduced the world’s first moving assembly line for cars.” The assembly line was created by Henry Ford which was an innovation to the industry of automotives and to all industries. In 1914 he raised the minimum wage from $2.34 for a nine hour day to $5 for a eight hour day. By mid-1914 there were over 500,000 Model T’s on the road all over the world. In 1923 the company made half of America’s cars.
Based in Dearborn, Michigan, a suburb of Detroit, the automaker was founded by Henry Ford, on June 16, 1903. Ford Motor Company would go on to become one of the largest and most profitable companies in the world, as well as being one of the few to survive the Great Depression. The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 110 years. Ford now encompasses two brands: Ford and Lincoln. Ford once owned 5 other luxury brands: Volvo, Land Rover, Jaguar, Aston Martin and Mercury.
Ford Motor Company founded by Henry Ford in June 16, 1903. It is an American multinational automaker. Its headquarters are in Dear-born, Michigan, United states. But Ford Motor Company isn’t the first one to build or make a car. The industry of making a car had a long journey.
Tesla Motors would go on to revolutionise the whole industry of cars and they went against all odds, since the last succesful American car startup, Ford, was founded 111 years ago. As of 2013, Tesla has had revenues of over $2 billion. Tesla Motors has raised over $823 million of funding in total, both through private and public investments. At one point in 2008, Tesla was in crucial need for investment and no one wanted to invest in them because the odds of success were minimal. However, the real risk taking entrepreneur, Elon Musk, invested all the money he had left from what he had earned from his buy-out of Paypal, which was at that time a solid $40 million.
The biggest is the Vehicle Dependability study , this study is conducted on cars over a 3yr period and records problems in 177 different areas, as reported by the vehicle owners, the study I referenced is from 2012 to 2015. The numerical break down is ranked on a per 100 cars basis. It is important to note in the results 8 of the top 10 are cars which are produced in the U.S, 4 of the top 10 are American companies, General Motors has three brands with Chevrolet, Buick and Cadillac, Ford is represented with Lincoln. This was a big step for the American Automobile manufactures considering back in 2009 both General Motors and Chrysler Corporation were in bankruptcy and without the help of the federal government and bailouts to the tune of 80 billion dollars  it is unclear where they would be today, if around at
The value of such a car more than seven million U.S. dollars, or even less than the value of an small aircraft. F1 car race, racing is not only courage, competitive driving skills and wisdom, also carried in the back of science and technology competition between the major car companies. Ford Motor Company on the image of the car contest as a "high-tech Olympics." Introduced in the new racing car competition, from design to manufacturing are embodied developer of numerous efforts, and represents the latest high-tech company and the level of a country. Car Contest or the quality of national science and technology talent contest.
Many researches and improvements were taking place in that time. Karl Benz and Henery Ford were two of the most excited people about the car. They improved the idea and started manufacturing cars all around the world. Hybrid cars are the new generation in the car industry. Before the invention of the combustion engine, Henry Ford was the first man to invent a steam-powered engine in 1865, after his great discovery, Karl Benz created the combustion engine in 1886 and people started using it until this day.
The company received its existing name in 1962, while Toyota motor company and Toyota motor sales company merged together, Toyota launched its logo in 1989 and produced an appearance on the Toyota celsior and it gained global attention. The intertwining of the perpendicular inside the long oval in the logo expresses a reciprocal relationship with its customer and the company, and the longer oval expresses international extension of its technology and infinite potential proceeding the future. In 2016 Toyota was the world’s biggest automotive production and also, in 2012 Toyota was the world’s first automobile manufacturers to produce higher than 10 million automobiles per year and continues doing it regularly since. Functionalities of Toyota: a) Market segmentation access: Toyota maintained a huge level of exposure within the market, as it was improving by a market focus strategy that allowed the company to create more compact automobiles plus services. This primarily encouraged