The worldwide automobile industry is largely dominated by five leading automobile manufacturing corporations namely Toyota, General Motors, Ford Motor Company, Volkswagen AG, and Daimler Chrysler. These corporations have their presence in almost every country and they continue to invest into production facilities in emerging markets namely Latin America, Middle East, Eastern Europe, China, Malaysia and other markets in Southeast Asia with the main aim of reducing their production costs.
SIZE OF THE AUTOMOTIVE INDUSTRY
The automotive industry occupies a leading position in the global economy, accounting for 9.5% of world merchandise trade and 12.9% of world export of manufacturers. This industry manufactures self-powered vehicles, including passenger cars, motorcycles, buses, trucks, farm equipment, other commercial vehicles, automotive components and parts.
The United States of America is the major revenue source for the global automotive industry with a market share of $432.1 billion, occupying for 37.2 percent of the world's marketplace. In the year 2006, America sold around 16.5 million vehicles. The automobile industry's revenue was $85,620,000,000 in the year 2006. There were 200 countries that conducted foreign trade with the U.S. in 2006, exactly the same as year 2005. The leading countries that did trade with US in 2006 were: Canada, $49,844,026,000 (28.67%); Japan, $45,906,127,000 (26.40%); Germany, $25,749,794,000 (14.81%); Mexico, $17,745,627,000 (10.21%); and Korea, $9,525,028,000 (5.48%)......[Read Complete Story]
SIZE OF THE AUTOMOTIVE INDUSTRY
The automotive industry occupies a leading position in the global economy, accounting for 9.5% of world merchandise trade and 12.9% of world export of manufacturers. This industry manufactures self-powered vehicles, including passenger cars, motorcycles, buses, trucks, farm equipment, other commercial vehicles, automotive components and parts.
The United States of America is the major revenue source for the global automotive industry with a market share of $432.1 billion, occupying for 37.2 percent of the world's marketplace. In the year 2006, America sold around 16.5 million vehicles. The automobile industry's revenue was $85,620,000,000 in the year 2006. There were 200 countries that conducted foreign trade with the U.S. in 2006, exactly the same as year 2005. The leading countries that did trade with US in 2006 were: Canada, $49,844,026,000 (28.67%); Japan, $45,906,127,000 (26.40%); Germany, $25,749,794,000 (14.81%); Mexico, $17,745,627,000 (10.21%); and Korea, $9,525,028,000 (5.48%)......[Read Complete Story]
In the year 2006, America sold around 16.5 million vehicles.car covers
There were 200 countries that conducted foreign trade with the U.S.car covers
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