The Impact Of Global Competition On The American...

The American automotive industry has been under a lot of pressure over recent years due to increased concern for the environment and increased global competition. An environmental scan on the American automotive industry shows that the global competition is a great cause for concern, new technology is providing an edge, emissions and laws regulating them are as tight as ever, and consumer opinion is reflecting concern for this. Global Competition Global competition in recent years has had a great effect on the American automotive industry. More efficient cars being developed overseas posed a threat to local companies’ market shares (Investopedia, 2015). Market shares of largely well-known companies such as General Motors, Ford, and Chrysler all suffered losing between three and ten percent of their previously held market shares between 2000-2014 to foreign competitors (Investopedia, 2015). For decades, the United States had the best technological advances in the industry and it was very difficult for competition to survive. In response to this, companies overseas invested significant amounts of money into researching new innovations and ways to produce better automobiles than the United States (Investopedia, 2015). Also, because of the difference between currency values, the cost of labor in other countries is lower than here. This allows foreign companies to be able to sell their products at lower costs and attract cu stomers through undercutting their competitors’Show MoreRelatedGlobal Competition Impact On The Automotive Industry Essay868 Words   |  4 Pages According to National academies press, the U.S. automotive industry is composed of three major U.S.-based manufacturers (Chrysler, Ford, and General Motors), several non-U.S.-based (transplant) vehicle assemblers, and a vast network of parts and components suppliers. Collectively, the industry produces and sells approximately 15 million cars and light trucks each year. And that manufacturing facilities include small specialty-parts plants, large foundries and engine and transmission plants, andRead MoreEnvironmental Factors Of The Automotive Industry1201 Words   |  5 Pagespopulation. The leaders in the automotive industry must adopt some key elements to ensure success in this fast-moving environment. They must invest in knowing their markets, building brands, adapting product strategies and taking long-term view on their goals and objectives. This paper outlines some of the key factors which should be considered. Environmental factors automotive designers and engineers have alway s said the main threats in the American Automotive industry are the environmental factorsRead MoreEnvironmental Challenges Facing The American Auto Industry Essay870 Words   |  4 Pagesthe American auto industry. In this paper we will focus on; the challenges within global competition, new technologies for powering the products this industry produces, the effect of emissions on the environment and the government’s reactions to these effects, as well as the consumer’s product opinions. Global Competition The automobile industry is one of the largest industries in the U.S. and faces major global competition with The European, Russian and Easter Asian Markets. The industry is alsoRead MoreEnvironmental Challenges Facing The American Automotive Industry Essay997 Words   |  4 PagesEnvironmental Challenges Facing the American Automotive Industry 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. 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Since the 1960’sRead MoreThe Global Competition Of The American Auto Industry1101 Words   |  5 PagesThe American auto industry was the largest industry in the 1890s. This dominance was as a result of the size of the domestic market and the use of the mass-production. However, in the 1980s Japan became the largest auto industry, and then China in 2008. This has now placed the United States second among the largest auto industry globally. Such industry is dominated by three large companies known as the ‘Big Three’. These include, General Motors (GM), Ford and Chrysler (https://en.wikipedia.org/wiki/Automotive_industry_in_the_United_States)Read MoreEnvironmental Challenges Facing The American Auto Industry Essay1121 Words   |  5 PagesThis assignment is about the environmental challenges facing the American Auto Industry. 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