Industry

A detailed Summary of Industry

The Automotive Industry is one of the largest industries

in the world. Transportation needs is something that effects

all of us. In the automative industry there are several

production types, parts, accessories, vans, mini vans,

trucks, SUV's, compacts, sedans, sports and luxuries.

There is over 30 different manufacturing automotive

companies. Many of these companies have merged and have

part ownership of each other. The two largest companies

today are GMC #1 and Ford Motor Company #2. Ford and

GMC both consist of about ten companies each. Sales of

these cars is done form companies to dealers and dealers to

consumers. Consumers can do this over the Internet or at a

dealer. In 1998 Internet sales were 80 billion and expected

to be 726 billion by 2003. The Internet seems to be a

convenience because you don't have to find your vehicle and

deal with sales men. You can even have it delivered at your

door for a similar cost. The Internet decreases incremental

marketing, advertising, and personal cost per sale. Prices

range from lowest around ten thousand and highest around

one hundred thousand. The average car toda

television while trying to reach its goal of increasing sales by

6.5 milliontires. Ford is doing everything it can to fix the

workforce by 2000. This year Daimler took over 34% of

Mitsubishi. Also discovered that Mitsubishi admitted that it

Approximate Word count = 1541
Approximate Pages = 6 (250 words per page double spaced)

Category: Technology

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