A Report On The Automotive Industry Essay - 1617 Words

The Automotive Industry Nicklas Nill Victory Charter School February 9,2016 Automotive facts and history In 1895 there were only four cars officially registered in the U.S. Little more than 20 years later in 1916, 3,376,889 were registered! Because of the automotive industry s major technological advances the automotive industry has been able to pull ahead of other industries over the years. This industry has also proven that to be successful in the business world, you have to take some risks. which has allowed them to get advancements that other industries who weren t willing to make such risks fail to take advantage of. the automotive industry has continued to evolve, with the change in lifestyle, and the demand of ease of transportation has allowed the industry to far surpass its competitors, and the industry continues to rapidly evolve for future generations. The beginning This whole industry really kicked off with Henry Ford, an entrepreneur that took the necessary risks to make a car will not only be affordable but also run good. Born on July 30, 1863, near Dearborn, Michigan into a middle class family that derived from farming Henry though the work to be tedious and decides to invent new ingenuitive machines to make the work easier. When Ford was 13 years old, his father gifted him a pocket watch, which the young boy promptly took apart and reassembled. Friends and neighbors were impressed, and requested that he fixShow MoreRelatedA Report On The Automotive Industry1975 Words   |  8 Pagespeople are under a great deal of stress rationality becomes a distant reality (Starcke and Brand, 2012) and one’s morals become skewed. This is well illustrated in the automotive industry as competition is fierce and there is added pressure to perform from extrinsic drivers such as the government (Parry et al. 2007). The automotive industry has also been quite infamous for committing frauds (KPMG Central and Eastern Europe Ltd, 2009), to defeat competition. The Volkswagen Passenger Cars brand (mentionedRead MoreA Report On The Automotive Industry2079 Words   |  9 Pagesbusiness and adapt to another company to improve efficiency. This technique allows improving processes, reducing costs, increasing productivity and efficiency. Benchmarking process in the automotive industry has its beginnings in early 1970 s when US and European companies saw how the Japanese auto industry had a big advantage over its competitors. Thus, after 1980 Massachusetts Institute of Technology created a team in order to analyse vehicle assembly plants in Japan, with the aim of identifyingRead MoreA Report On The Automotive Industry Essay2182 Words   |  9 Pages1. INTRODUCTION The automotive industry in India is one of the largest automotive markets in the world, previously one of the fastest growing markets globally. 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Founded in 2001, Martinrea has grown rapidly through both acquisition and organic growth, and currently employs over 14,000 people in 44 plants across North America, South America, Europe, and Asia. The Vaughan, Ontario-based company has four sectors in its corporate structure, which include aluminum, fluids, metallics and modules. Martinrea’s four core sectors service mainly the automotive industry. However, the company has also begun to